Caparo Maruti Ltd (CML), incorporated in 1994, is engaged in the manufacturing of auto components, viz, sheet metal components and weldments. The company is a 75:25 joint venture (JV) between a Caparo group company, namely, Caparo India Ltd, UK, and Maruti Suzuki India Limited (MSIL), respectively. It was incorporated as an exclusive supplier of sheet metal stampings and weldments of specific design to MSIL. It caters to various small and mid-sized models of MSIL, viz, Alto, Zen, Wagon R, Swift, SX4, etc. CML has three manufacturing plants located in Gurgaon (Haryana), Bawal (Haryana) and Halol (Gujarat) respectively. The plants located at Gurgaon and Bawal (Haryana) manufacture sheet metal components and supply it to MSIL's plants located at Gurgaon and Manesar (Haryana), respectively. The third plant situated at Halol, is involved in job work for General Motors for model, Tavera and the same forms a very small percentage of the total sales.