Maruti Suzuki India Ltd

Key Update

• Income Tax Appellate Tribunal order received for FY 2013-14 to 2019-20 and 2021-22.
• Order yields potential tax impact of Rs 130,000 million, including interest.
• Contingent liability to be reduced by around Rs 63,000 million.
• Company will file an application before the jurisdictional Assessing Officer to give effect.
• Date of receipt of ITAT order: 15 October 2026.
• No major impact on financials or operations due to the order.

Key Update

• Penalty Order under Section 270A received for FY 2022-23.
• Penalty amount of Rs 149.64 million imposed by Income Tax Authority.
• Suzuki Motor Gujarat Private Limited amalgamated into the company.
• Company will file an appeal against the Penalty Order.
• Receipt date of order: 29 September 2026.
• No major impact on financials or operations.

Director resignation

• Kazunari Yamaguchi resigns as Whole-time Director (Production) effective 30 Sep 2026; Suzuki nomination withdrawn; continues as Non-exec Director.

Senior Management appointment

• Sarada Prasana Nayak appointed SMP Head (Production & Production Engineering); effective 1 Oct 2026; full-time employee.

CCI hearing update

• Hearing adjourned from 28 September 2026 to 2 November 2026 for continuation of arguments on behalf of CCI.

Maruti Suzuki India Ltd — Closure of Trading Window

Technology strategy highlights

• Technology Strategy Briefing 2026 outlines multi-pathway mobility tailored regionally.
• India capacity target: 4 million vehicles annually from FY2030; plants at Gurgaon, Manesar, Hansalpur, Kharkhoda.
• BEVs, HEVs, and carbon-neutral fuels assessed regionally for optimal environmental and regulatory fit.
• e SKY BEV uses a 3-in-1 e Axle; 6-in-1 planned for larger segments.
• Weight reduction target: 100 kg by 2030; potential to 120 kg; high-tensile steel use.
• ADAS to be standard across vehicles; SDV Right with front radar removal and DMS/OMS integration.
• Local production for local consumption and regional optimization; renewables-driven BEV deployment strategy.

Meeting Details

• Event type: Analyst / Investor Meet for Maruti Suzuki India Ltd.

Participants

• No specific management participants named in the filing.

Purpose

• Purpose framed as investor interaction; exact objective not specified in filing.

Additional Notes

• No date/time, mode, or presentation details provided in this chunk.

Product launch and S-CNG upgrades

• Launch of automatic S-CNG Swift, Dzire and Baleno under Auto Green Mission.
• Automatic S-CNG range delivers high fuel efficiency, Dzire S-CNG AMT at 36.47 km/kg.
• First-quarter S-CNG sales rose 58% year over year.
• July S-CNG monthly sales record: 83,000 units.
• Z12E engine with Dual VVT and ISS powers S-CNG models.
• AMT transmission provides automatic gear shifts with optional manual mode.
• Ex-showroom prices announced: Swift 7,92,400; Dzire 8,53,100; Baleno 8,32,400.
• Management expects the automatic S-CNG range to grow the share of clean, green cars in India.

Meeting details

• Analyst / Investor Meet noted in Company Update filing for Maruti Suzuki India Ltd.