Maruti is a subsidiary of Suzuki Motor Corp (holds a 54% stake, expected to become 56% post merger of SPIL ). Pays ~6% on sales as royalty to parent. Starting in 1983, Maruti is India's largest passenger car company, whic h primarily sells compact hatchbacks (75% of volumes), Utility vehicles and sedans. Its key models are Alto, Wagon R, Sw if t and Dzire. With its early-mover advantage in the Indian market, Maruti is a dominant player in the domestic passenger car market w ith a ~ 45% market share. Maruti has over 1200 sales outlets in 900 cities & tow ns and over 3000 service outlets covering over 1408 cities & towns. Rural sales from tow ns below the...