# MARUTI (MARUTI) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/maruti

## Current market snapshot

- Exchange: BSE
- Country: India
- Price: ₹11,245
- Change: -0.62%
- As of: 2026-10-13
- 1D return: -0.62%
- 5D return: -3.27%
- 1M return: -9.31%
- Latest complete quarter: fy27_q1

## Faxioms Analysis

_As of 2026-10-13_

### Technical Outlook

As of October 13, 2026, MARUTI's technical setup indicates a strong bearish trend across daily, weekly, and monthly timeframes, with price trading below key moving averages and the Supertrend indicator on all horizons. Daily trend conviction is strong, evidenced by an ADX of 59.32, while weekly and monthly trends show developing conviction with ADX values of 22.78 and 23.94, respectively. The stock is positioned near the lower end of its trading range across 20, 50, and 252-day periods, with the daily range position at +8.9%. Recent market activity includes one downside event in the past 30 days, and an extreme volume anomaly with a downward price move on October 1, 2026.

The primary risk is continued downside, with a maximum drawdown of -35.1% and annualized volatility of +23.4%. The nearest support level is ₹11220.33 (0.22% below the current price), and the first resistance level is ₹11369.67 (1.11% above the current price). A confirmed break below ₹11220.33 would reinforce the bearish setup, while a sustained move above ₹11369.67 could signal a potential shift.

- Bearish trend confirmed across daily, weekly, and monthly timeframes.
- Daily trend conviction is strong (ADX 59.32), with price near the lower end of its range.
- Maximum drawdown stands at -35.1% with annualized volatility at +23.4%.
- Nearest support at ₹11220.33 (-0.22%) and resistance at ₹11369.67 (+1.11%).
- Break below support would confirm bearish continuation; break above resistance may signal a shift.

- Bearish Engulfing Reversal
- Harami
- Doji
- Inside Bar

### News Context

A consumer court in Kerala has ordered a Maruti Suzuki dealer to replace a Maruti Invicto, purchased for ₹25.21 lakh, after the buyer discovered repainted parts. The court also directed the dealer to provide ₹3.6 lakh in relief to the consumer. Separately, reports indicate that the Maruti Grand Vitara is being offered with discounts of up to ₹2.65 lakh in October 2026, encompassing various specifications including strong hybrid and CNG variants.

- October 13, 2026: A consumer court ordered a Maruti Suzuki dealer to replace a ₹25.21 lakh Invicto and provide ₹3.6 lakh relief due to repainted parts.
- October 12, 2026: Maruti Grand Vitara available with discounts up to ₹2.65 lakh in October 2026.

- [Bought Rs 25.21 lakh Maruti Invicto, found repainted parts; consumer court orders Rs 3.6 lakh relief](https://timesofindia.indiatimes.com/legal/news/bought-rs-25-21-lakh-maruti-invicto-found-repainted-parts-consumer-court-orders-rs-3-6-lakh-relief/articleshow/134907678.cms)
- [Maruti Grand Vitara gets ₹2.65 lakh discount in October 2026: Check specs, features, mileage](https://www.businesstoday.in/auto/story/maruti-grand-vitara-gets-rs2-65-lakh-discount-in-october-2026-check-specs-features-mileage-561064-2026-10-13)
- [Raw-material costs offset operating leverage: HSBC on auto](https://www.moneycontrol.com/news/business/markets/raw-material-costs-offset-operating-leverage-hsbc-on-auto-14049966.html)

### What Changed

Maruti Suzuki India Limited has reported recent developments including a notice from the National Company Law Appellate Tribunal (NCLAT) regarding an adjourned hearing with the Competition Commission of India, with the next date to be communicated. Separately, the company announced a special window for the transfer and dematerialisation of physical shares, effective October 13, 2026. In market news, a consumer court ordered a dealer to replace a Maruti Invicto car due to repainted parts, and the Maruti Grand Vitara is noted to have a ₹2.65 lakh discount in October 2026. The stock's price has seen a slight decrease, closing at ₹11,245.0 on October 13, 2026, down from ₹11,315.0 previously.

- On October 13, 2026, Maruti Suzuki announced a special window for physical share transfer and dematerialisation.
- On October 12, 2026, the company was notified by NCLAT of an adjourned hearing concerning a matter with the Competition Commission of India.
- News on October 13, 2026, highlighted a consumer court order for a Maruti Invicto replacement and a ₹2.65 lakh discount on the Maruti Grand Vitara for October 2026.
- Maruti Suzuki's stock price closed at ₹11,245.0 on October 13, 2026, a decrease from the previous price of ₹11,315.0.

- [Bought Rs 25.21 lakh Maruti Invicto, found repainted parts; consumer court orders Rs 3.6 lakh relief](https://timesofindia.indiatimes.com/legal/news/bought-rs-25-21-lakh-maruti-invicto-found-repainted-parts-consumer-court-orders-rs-3-6-lakh-relief/articleshow/134907678.cms)
- [Maruti Grand Vitara gets ₹2.65 lakh discount in October 2026: Check specs, features, mileage](https://www.businesstoday.in/auto/story/maruti-grand-vitara-gets-rs2-65-lakh-discount-in-october-2026-check-specs-features-mileage-561064-2026-10-13)
- [Maruti Suzuki India Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/MARUTI_13102026131220_NP_13102026.pdf)
- [Maruti Suzuki India Limited has informed the Exchange about Intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/MARUTIASHISH_12102026161252_STxIntimation_CCI_12Oct2026.pdf)

### Official Filings

Maruti Suzuki India Limited has announced a board meeting scheduled for October 27, 2026, to review the unaudited financial results for the quarter ending September 2026. Concurrently, the company has informed the exchange about a special window for the transfer and dematerialisation of physical shares, effective from October 13, 2026. In legal proceedings, the National Company Law Appellate Tribunal (NCLAT) has adjourned a hearing related to a matter with the Competition Commission of India, with the next date to be communicated later. Additionally, the company released its production figures for September 2026, showing a total of 242,011 vehicles produced, an increase from 201,915 vehicles in September 2025. This includes a rise in passenger vehicle production, particularly in the Mini and Compact segments, and an increase in Light Commercial Vehicle output.

- Board meeting scheduled for October 27, 2026, to approve unaudited financial results for the quarter ended September 2026.
- Special window opened on October 13, 2026, for transfer and dematerialisation of physical shares.
- NCLAT hearing adjourned in a matter involving the Competition Commission of India; next date to be announced.
- September 2026 production reached 242,011 vehicles, up from 201,915 vehicles in September 2025.
- Trading window for company securities closed from October 1, 2026, to October 29, 2026.

- [Maruti Suzuki India Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/MARUTI_13102026131220_NP_13102026.pdf)
- [Maruti Suzuki India Limited has informed the Exchange about Intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/MARUTIASHISH_12102026161252_STxIntimation_CCI_12Oct2026.pdf)
- [Financial Results |Meeting Date: 27-Oct-2026](https://nsearchives.nseindia.com/corporate/MARUTI_08102026123410_STxIntimation_BM_27Oct2026.pdf)
- [Board Meeting Intimation |Meeting Date: 27-Oct-2026](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_2143_WebXMLFile_20261008_124943992.xml)
- [MARUTI SUZUKI INDIA LIMITED has informed the Exchange about Board Meeting to be held on 27-Oct-2026 to inter-alia consider and approve the Unaudited Financial results of the Company for the Quarterly ended September 2026 . |SUBJECT: Board Meeting Intimation](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_2143_WebXMLFile_20261008_124943992.xml)
- [Maruti Suzuki India Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/MARUTI_05102026163802_STxIntimation_InvstConcall_8Sep2026.pdf)
- [MARUTI SUZUKI INDIA LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2143_WebXMLFile_20261005_165906582.xml)
- [Maruti Suzuki India Limited has informed the Exchange regarding a press release dated October 01, 2026, titled "Maruti Suzuki sales in September 2026". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/MARUTI_01102026125916_Sales.pdf)
- [Maruti Suzuki India Limited has informed the Exchange about Maruti Suzuki Production Volume: September 2026 |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/MARUTI_01102026133208_Production_Oct2026.pdf)
- [Maruti Suzuki India Limited has informed the Exchange about change in Management |SUBJECT: Change in Management](https://nsearchives.nseindia.com/corporate/MARUTIASHISH_30092026094634_STxIntimation_ChangeinManagement_30Sep2026.pdf)

### Fundamentals

Maruti Suzuki reported a marginal increase in Revenue from Operations for Q1 FY2026-27, reaching ₹52,469.80 crore, a slight rise from ₹52,462.50 crore in Q4 FY2025-26. However, this top-line growth did not translate to the bottom line, as Profit Before Tax saw a sequential decrease to ₹4,343.50 crore from ₹4,821.10 crore in the prior quarter. This trend continued to Net Profit, which declined to ₹3,446.90 crore in Q1 FY2026-27 from ₹3,659 crore in Q4 FY2025-26. Finance costs also decreased sequentially to ₹63.50 crore from ₹73 crore. The company's operating trajectory shows stable revenue but a decline in profitability conversion on a sequential basis.

- Revenue from Operations stood at ₹52,469.80 crore in Q1 FY2026-27.
- Net Profit decreased sequentially to ₹3,446.90 crore in Q1 FY2026-27 from ₹3,659 crore in Q4 FY2025-26.
- Finance Costs reduced to ₹63.50 crore in Q1 FY2026-27.
- Monitor profit conversion trends in the upcoming reporting periods.

### Bear Case

The company's recent performance shows a downward trend across multiple timeframes, with a year-to-date return of -32.7% and a one-year return of -31.1%. Technical indicators suggest a bearish trend on daily, weekly, and monthly timeframes, as indicated by the Supertrend direction. The stock is currently experiencing a drawdown of -35.0% from its peak, with a maximum drawdown of -35.1%. While discounts on models like the Grand Vitara were noted in October 2026, and a consumer court ordered relief in a case involving a Maruti Invicto, these events do not provide a clear operational or financial constraint from the provided evidence. However, broader industry commentary from HSBC suggests that rising raw-material costs may be offsetting operating leverage benefits for the auto sector.

- Year-to-date return stands at -32.7% as of 2026-10-13.
- The stock has experienced a drawdown of -35.0% from its peak.
- Technical indicators show a bearish trend across daily, weekly, and monthly timeframes.
- HSBC commentary indicates potential pressure on the auto sector from rising raw-material costs offsetting operating leverage.

- [Bought Rs 25.21 lakh Maruti Invicto, found repainted parts; consumer court orders Rs 3.6 lakh relief](https://timesofindia.indiatimes.com/legal/news/bought-rs-25-21-lakh-maruti-invicto-found-repainted-parts-consumer-court-orders-rs-3-6-lakh-relief/articleshow/134907678.cms)
- [Maruti Grand Vitara gets ₹2.65 lakh discount in October 2026: Check specs, features, mileage](https://www.businesstoday.in/auto/story/maruti-grand-vitara-gets-rs2-65-lakh-discount-in-october-2026-check-specs-features-mileage-561064-2026-10-13)
- [Raw-material costs offset operating leverage: HSBC on auto](https://www.moneycontrol.com/news/business/markets/raw-material-costs-offset-operating-leverage-hsbc-on-auto-14049966.html)
- [Maruti Suzuki India Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/MARUTI_13102026131220_NP_13102026.pdf)
- [Maruti Suzuki India Limited has informed the Exchange about Intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/MARUTIASHISH_12102026161252_STxIntimation_CCI_12Oct2026.pdf)
- [Financial Results |Meeting Date: 27-Oct-2026](https://nsearchives.nseindia.com/corporate/MARUTI_08102026123410_STxIntimation_BM_27Oct2026.pdf)
- [Board Meeting Intimation |Meeting Date: 27-Oct-2026](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_2143_WebXMLFile_20261008_124943992.xml)
- [MARUTI SUZUKI INDIA LIMITED has informed the Exchange about Board Meeting to be held on 27-Oct-2026 to inter-alia consider and approve the Unaudited Financial results of the Company for the Quarterly ended September 2026 . |SUBJECT: Board Meeting Intimation](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_2143_WebXMLFile_20261008_124943992.xml)
- [Maruti Suzuki India Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/MARUTI_05102026163802_STxIntimation_InvstConcall_8Sep2026.pdf)
- [MARUTI SUZUKI INDIA LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2143_WebXMLFile_20261005_165906582.xml)

### FAQs

**When is Maruti Suzuki scheduled to announce its financial results for the quarter ended September 2026?**

Maruti Suzuki India Limited has scheduled a Board Meeting for October 27, 2026, to consider and approve the unaudited standalone and consolidated financial results for the quarter ended September 2026.

**What is the current technical trend for Maruti Suzuki based on daily and weekly indicators as of October 13, 2026?**

As of October 13, 2026, technical indicators suggest a bearish trend for Maruti Suzuki on both daily and weekly timeframes. The daily trend shows a bearish Supertrend direction, with a negative EMA 20 slope of -327.18 and SMA 20 slope of -317.55. Similarly, the weekly trend also indicates a bearish Supertrend direction, with a negative EMA 20 slope of -756.93 and SMA 20 slope of -407.8.

**What are the nearest support and resistance levels for Maruti Suzuki as of October 13, 2026?**

As of October 13, 2026, the nearest support level for Maruti Suzuki is ₹11,220.33, which is 0.22% below the current price. The nearest resistance level is ₹11,369.67, which is 1.11% above the current price.

**What recent legal or consumer-related news has Maruti Suzuki been involved in?**

Maruti Suzuki has been involved in two recent matters. A district consumer commission in Kerala ordered a dealer to replace a ₹25.21 lakh Invicto car due to repainted parts. Additionally, the National Company Law Appellate Tribunal (NCLAT) has adjourned a hearing concerning a matter with the Competition Commission of India, with the next hearing date to be communicated later.

- [Bought Rs 25.21 lakh Maruti Invicto, found repainted parts; consumer court orders Rs 3.6 lakh relief](https://timesofindia.indiatimes.com/legal/news/bought-rs-25-21-lakh-maruti-invicto-found-repainted-parts-consumer-court-orders-rs-3-6-lakh-relief/articleshow/134907678.cms)
- [Maruti Grand Vitara gets ₹2.65 lakh discount in October 2026: Check specs, features, mileage](https://www.businesstoday.in/auto/story/maruti-grand-vitara-gets-rs2-65-lakh-discount-in-october-2026-check-specs-features-mileage-561064-2026-10-13)
- [Raw-material costs offset operating leverage: HSBC on auto](https://www.moneycontrol.com/news/business/markets/raw-material-costs-offset-operating-leverage-hsbc-on-auto-14049966.html)
- [Maruti Suzuki India Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/MARUTI_13102026131220_NP_13102026.pdf)
- [Maruti Suzuki India Limited has informed the Exchange about Intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/MARUTIASHISH_12102026161252_STxIntimation_CCI_12Oct2026.pdf)
- [Financial Results |Meeting Date: 27-Oct-2026](https://nsearchives.nseindia.com/corporate/MARUTI_08102026123410_STxIntimation_BM_27Oct2026.pdf)
- [Board Meeting Intimation |Meeting Date: 27-Oct-2026](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_2143_WebXMLFile_20261008_124943992.xml)
- [MARUTI SUZUKI INDIA LIMITED has informed the Exchange about Board Meeting to be held on 27-Oct-2026 to inter-alia consider and approve the Unaudited Financial results of the Company for the Quarterly ended September 2026 . |SUBJECT: Board Meeting Intimation](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_2143_WebXMLFile_20261008_124943992.xml)
- [Maruti Suzuki India Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/MARUTI_05102026163802_STxIntimation_InvstConcall_8Sep2026.pdf)
- [MARUTI SUZUKI INDIA LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2143_WebXMLFile_20261005_165906582.xml)
## Technical analytics

- As of: 2026-10-13
- Daily trend: Strong Downtrend
- Weekly trend: Moderate Downtrend
- Pivot point: ₹11,369.67
- Risk regime: Higher Price Risk

### Support levels
- 11059.45
- 11220.333333333332
- 11125.666666666666

### Resistance levels
- 12162.78447265625
- 12391.6875
- 12797.219967651366

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | -0.62% |
| return_10 | -6.35% |
| return_1m | -9.31% |
| return_1y | -31.11% |
| return_20 | -9.31% |
| return_3m | -17.89% |
| return_5 | -3.27% |
| return_6m | -14.00% |
| return_since_start | +0.33% |
| return_ytd | -32.70% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | high_risk |
| label | Higher price risk |
| summary | Recent drawdown or price variability is materially high and may lead to larger short-term outcomes. |
| maximum_drawdown | -35.07% |
| annualized_volatility | +23.41% |

## Quarterly financials

- Latest complete quarter: fy27_q1

# Revenue Surges 36% Year-on-Year but Profit Declines as Margins Narrow

In Q1 FY2026-27, Maruti Suzuki India Limited reported a 35.9% year-on-year increase in revenue from operations to ₹52,469.8 crore. However, profit before tax fell 11.5% to ₹4,343.5 crore, and net profit declined 9.1% to ₹3,446.9 crore. The divergence between top-line growth and bottom-line performance highlights expense pressure that absorbed most of the revenue gains. On a sequential basis, revenue was nearly flat while profit fell further from the previous quarter, indicating that the earnings decline was not merely a year-on-year effect.

## Revenue Growth

Revenue from operations rose 35.9% compared with the same quarter last year, reaching ₹52,469.8 crore. Compared with the preceding quarter (Q4 FY2025-26), revenue was virtually unchanged, moving from ₹52,462.5 crore to ₹52,469.8 crore.

## Profitability: Sharp Margin Contraction

Profit before tax (PBT) decreased 11.5% year-on-year to ₹4,343.5 crore, while net profit fell 9.1% to ₹3,446.9 crore. The PBT margin narrowed from 12.7% in Q1 last year to 8.3% in the current quarter, and the net profit margin declined from 9.8% to 6.6%. Sequentially, PBT was down 9.9% from ₹4,821.1 crore in the fourth quarter, even as revenue remained flat, pointing to persistent expense burdens.

Other income contributed ₹1,874 crore during the quarter. Excluding this non-operating item, core operating profit (PBT plus finance costs minus other income) was approximately ₹2,533 crore, representing an operating margin of about 4.8%. This underscores the significant role other income played in supporting reported profits.

## Cost Structure: Material Costs Dominate

The largest expense line was cost of materials consumed, at ₹32,013.2 crore, or 61.0% of revenue. Purchases of stock-in-trade amounted to ₹5,439.1 crore (10.4% of revenue), and changes in inventories of finished goods, work-in-progress, and stock-in-trade added another ₹2,901.9 crore (5.5% of revenue). Employee benefit expenses stood at ₹2,463.8 crore (4.7% of revenue), while depreciation and amortisation was ₹1,780.3 crore (3.4% of revenue). Finance costs were modest at ₹63.5 crore.

Together, these six expense items accounted for 85.1% of revenue, illustrating the heavy cost load that left limited scope for other operating costs and profit after accounting for other income.

## Other Income and Comprehensive Income

Other income of ₹1,874 crore significantly bolstered the bottom line. Comprehensive income for the quarter was ₹3,563.1 crore, exceeding net profit by ₹116.2 crore, driven by positive other comprehensive income items. This contrasts with the previous quarter, when comprehensive income of ₹3,157.7 crore was ₹501.3 crore below net profit.

## Management Commentary

Maruti Suzuki's Q1 FY27 volumes rose 29.3% YoY to 682,724 units, with domestic market share up 2.3pp to 41.2% and dealer inventory at a lean ~13 days. Growth was led by small cars (+34.1%), SUVs (+44.6%) and exports (+28.6%), supported by the second Kharkhoda plant. Net sales jumped 36% to INR 499,591 million, but net profit fell to INR 33,521 million from INR 37,581 million, as material costs increased and were seriously aggravated by the West Asia conflict.

Management attributed the margin hit to adverse commodity prices, adverse foreign exchange, inventory depletion-related fixed-cost incidence, seasonal employee costs and higher depreciation from Kharkhoda expansion; operating leverage, cost reduction and higher income provided partial offsets. On capex/strategy, the Board cleared four CBG manufacturing projects in the first phase with a budget of INR 5,610 million, and will consider further CBG expansion based on their experience.

## Key Takeaway

Maruti Suzuki’s Q1 results show a stark two-speed picture: a 36% leap in revenue against a 9% decline in net profit. The erosion of margins stemmed from a cost structure where material costs alone consumed over 60% of revenue, and total identified expenses before other costs claimed 85% of the top line. While the revenue performance was robust, the benefits were largely absorbed by expenses, leaving profitability heavily reliant on other income. The sequential fall in profit despite stable revenue reinforces that the cost challenge was not limited to year-on-year comparisons.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q1
- As of: 2026-06-30
- Promoter holding: +58.65%
- FII holding: +12.82%
- DII holding: +25.09%
- Mutual fund holding: +15.33%
- Retail holding: +2.67%
- Promoter pledged: +0.00%

### Major reported shareholders

- SUZUKI MOTOR CORPORATION — +58.65% (Bodies Corporate)
- LICI ULIP-GROWTH FUND — +5.15%
- ICICI PRUDENTIAL MANUFACTURING FUND — +3.64%
- HDFC MUTUAL FUND-HDFC ARBITRAGE FUND — +2.34%
- SBI MNC FUND — +2.06%
- NPS TRUST A/C - SBI PENSION FUND - NPS VATSALYA SC — +1.90%
- KOTAK BALANCED ADVANTAGE FUND — +1.37%
- UTI BALANCED ADVANTAGE FUND — +1.18%
- NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA MUL — +1.02%
- PARAG PARIKH LARGE CAP FUND — +1.02%

## Official filings

- 2026-10-13 — Generic Announcement: Maruti Suzuki India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MARUTI_13102026131220_NP_13102026.pdf)
- 2026-10-12 — Generic Announcement: Maruti Suzuki India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MARUTIASHISH_12102026161252_STxIntimation_CCI_12Oct2026.pdf)
- 2026-10-08 — Board Meeting Notice: Maruti Suzuki India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MARUTI_08102026123410_STxIntimation_BM_27Oct2026.pdf)
- 2026-10-08 — Board Meeting Notice: Maruti Suzuki India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_2143_WebXMLFile_20261008_124943992.xml)
- 2026-10-08 — Generic Announcement: Maruti Suzuki India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_2143_WebXMLFile_20261008_124943992.xml)
- 2026-10-05 — Generic Announcement: Maruti Suzuki India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MARUTI_05102026163802_STxIntimation_InvstConcall_8Sep2026.pdf)
- 2026-10-05 — Generic Announcement: Maruti Suzuki India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2143_WebXMLFile_20261005_165906582.xml)
- 2026-10-01 — Press Release: Maruti Suzuki India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MARUTI_01102026125916_Sales.pdf)
- 2026-10-01 — Generic Announcement: Maruti Suzuki India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MARUTI_01102026133208_Production_Oct2026.pdf)
- 2026-09-30 — Generic Announcement: Maruti Suzuki India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MARUTIASHISH_30092026094634_STxIntimation_ChangeinManagement_30Sep2026.pdf)
- 2026-09-30 — Generic Announcement: Maruti Suzuki India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MARUTIASHISH_30092026171404_STxIntimation_IncomeTaxPenaltyOrder_30Sep2026.pdf)
- 2026-09-30 — Generic Announcement: Maruti Suzuki India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/AIATOP_2143_WebXMLFile_20260930_172000825.xml)
- 2026-09-30 — Generic Announcement: Maruti Suzuki India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_2143_WebXMLFile_20260930_195721392.xml)
- 2026-09-25 — Generic Announcement: Maruti Suzuki India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MARUTIASHISH_25092026113222_STxIntimaition_TechnoBreif2026.pdf)
- 2026-09-25 — Generic Announcement: Maruti Suzuki India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MARUTI_25092026170347_STxIntimation_TWClosure_25Sep2026.pdf)
- 2026-09-25 — Generic Announcement: Maruti Suzuki India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CLOSURE_TRADING_WINDOW_2143_WebXMLFile_20260925_172754140.xml)
- 2026-09-24 — Press Release: Maruti Suzuki India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MARUTI_24092026111220_STxIntimation_HydrogenPlant_24Sep2026.pdf)
- 2026-09-21 — Generic Announcement: Maruti Suzuki India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MARUTI_21092026143607_STxIntimation_InvestorCall_24Sep2026.pdf)
- 2026-09-21 — Generic Announcement: Maruti Suzuki India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2143_WebXMLFile_20260921_151746656.xml)
- 2026-09-18 — Press Release: Maruti Suzuki India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MARUTIASHISH_18092026203545_STxIntimation_AutoGreenMission_18Sep2026.pdf)
- 2026-09-17 — Generic Announcement: Maruti Suzuki India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MARUTIASHISH_17092026183322_STxIntimation_InvestorMeet_22Sep2026.pdf)
- 2026-09-17 — Generic Announcement: Maruti Suzuki India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2143_WebXMLFile_20260917_183949991.xml)
- 2026-09-12 — Generic Announcement: Maruti Suzuki India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MARUTIASHISH_12092026200509_Intimation_CRISILESG_rating_12Sep2026.pdf)
- 2026-09-07 — Generic Announcement: Maruti Suzuki India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MARUTIASHISH_07092026112451_STxIntimation_AdvancePriceIncrease.pdf)
- 2026-09-05 — Press Release: Maruti Suzuki India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MARUTIASHISH_05092026205736_STxIntimation_Baleno_5Sep2026.pdf)

## News and market events

- 2026-10-13 — Times of India: **Bought Rs 25.21 lakh Maruti Invicto, found repainted parts; consumer court orders Rs 3.6 lakh relief** — NEW DELHI: A district consumer commission in Kerala has directed an authorised Maruti Suzuki dealer to replace a Rs 25.21 lakh Invicto car after a buyer — [Source](https://timesofindia.indiatimes.com/legal/news/bought-rs-25-21-lakh-maruti-invicto-found-repainted-parts-consumer-court-orders-rs-3-6-lakh-relief/articleshow/134907678.cms)
- 2026-10-12 — BUSINESSTODAY: **Maruti Grand Vitara gets ₹2.65 lakh discount in October 2026: Check specs, features, mileage** — Maruti Grand Vitara discount October 2026, Maruti Grand Vitara Rs 2.65 lakh discount, Grand Vitara Strong Hybrid specifications, Maruti Grand Vitara mileage, Grand Vitara Smart Hybrid, Maruti Grand Vitara CNG, Maruti Suzuki festive offers 2026, Grand Vitara engine specifications, Maruti Grand Vitara features — [Source](https://www.businesstoday.in/auto/story/maruti-grand-vitara-gets-rs2-65-lakh-discount-in-october-2026-check-specs-features-mileage-561064-2026-10-13)
- 2026-10-12 — MONEYCONTROL: **Raw-material costs offset operating leverage: HSBC on auto** — hsbc, auto, vehicles, gst, auto demand — [Source](https://www.moneycontrol.com/news/business/markets/raw-material-costs-offset-operating-leverage-hsbc-on-auto-14049966.html)
- 2026-10-06 — Mint: **Dealers flag price hikes as risk to GST-led sales boom | Mint** — Price hikes and potential rate hikes by the Reserve Bank of India will shape the outlook in the coming months, says Fada president. — [Source](https://www.livemint.com/industry/dealers-car-price-hikes-gst-cuts-festive-season-11791265195880.html)
- 2026-10-05 — The Hindu: **Why RBI should raise rates by 75 bps by year-end** — Front-loading would help anchor expectations, restore part of the interest-rate cushion over the US and moderate demand before festive spending, credit expansion and imported-cost pressures become mutually reinforcing — [Source](https://www.thehindubusinessline.com/opinion/why-rbi-should-raise-rates-by-75-bps-by-year-end/article71546823.ece)
- 2026-10-05 — REDIFF.COM: **Suzuki To Halve Vehicle Development Time By 2030, Boost India Capacity** — Suzuki Motor Corporation is set to revolutionise its operations by halving vehicle development times and significantly boosting efficiency by 2030, while committing to a diverse multi-powertrain strategy that includes BEVs, hybrids, and carbon-neutral fuels. — [Source](https://www.rediff.com/business/report/auto-suzuki-targets-faster-cars-smarter-factories-by-2030/20261005.htm)
- 2026-10-01 — MONEYCONTROL: **Bajaj Auto crashes 8%, auto stocks slide on weak September sales; Maruti, M&M among top losers, Hyundai gains** — monthly auto sales, automobile stocks update, auto shares today, nifty auto falls, car and bike sales — [Source](https://www.moneycontrol.com/news/business/markets/bajaj-auto-crashes-8-auto-stocks-slide-on-weak-september-sales-maruti-m-m-among-top-losers-hyundai-gains-14042580.html)
- 2026-10-01 — Times of India: **CAFE-III norms: Carmakers welcome EV, hybrid incentives** — The government has notified the third phase of Corporate Average Fuel Economy (CAFE-III) norms for M1 category passenger vehicles. — [Source](https://timesofindia.indiatimes.com/auto/cars/cafe-iii-norms-carmakers-welcome-ev-hybrid-incentives/articleshow/134608368.cms)
- 2026-10-01 — The Hindu: **These stocks will see heightened activity on October 1** — Stocks across autos, tech, and infrastructure set for mixed moves — [Source](https://www.thehindubusinessline.com/markets/these-stocks-will-see-heightened-activity-on-october-1/article71531230.ece)
- 2026-09-30 — MONEYCONTROL: **Amitabh Kant calls CAFE-III norms a ‘huge missed opportunity’, says EV roadmap lacks ambition** — CAFE III norms, CAFE 3 India, Amitabh Kant, electric vehicles India, EV adoption India, Corporate Average Fuel Economy, CAFE norms 2027, Ministry of Power, automobile industry India, Maruti Suzuki, Tata Motors, Mahindra, Hyundai India, JSW Motors, ethanol vehicles, hybrid vehicles, CNG cars — [Source](https://www.moneycontrol.com/news/business/amitabh-kant-calls-cafe-iii-norms-a-huge-missed-opportunity-says-ev-roadmap-lacks-ambition-14042328.html)
- 2026-09-30 — DECCANCHRONICLE.COM: **CAFE-III Norms To Boost Fuel Efficiency, Green Cars** — The CAFE-III framework does away with a proposed special concession for small petrol cars: Reports — [Source](https://www.deccanchronicle.com/nation/cafe-iii-norms-to-boost-fuel-efficiency-green-cars-1992040)
- 2026-09-30 — The Hindu: **CAFE III: What India’s new fuel efficiency norms mean for automakers and buyers** — India’s CAFE III norms raise average fleet fuel efficiency from 2027–2032 with new flexibilities for EVs, hybrids, and small cars. — [Source](https://www.thehindubusinessline.com/blexplainer/cafe-iii-what-indias-new-fuel-efficiency-norms-mean-for-automakers-and-buyers/article71529304.ece)
- 2026-09-30 — DECCANCHRONICLE.COM: **Government Notifies Cafe-III Fuel Efficiency Norms From April 2027; Eases Targets for Lighter Vehicles** — New norms seek a 16.7% fuel-efficiency gain by 2032 with weight-based targets — [Source](https://www.deccanchronicle.com/business/autos/government-notifies-cafe-iii-fuel-efficiency-norms-from-april-2027-eases-targets-for-lighter-vehicles-1991944)
- 2026-09-30 — Mint: **Mint Explainer: The catch behind BaaS-powered EVs with lower upfront costs | Mint** — Carmakers are offering batteries as a service (BaaS) to make electric vehicles cheaper. But does it have any real advantages for consumers? — [Source](https://www.livemint.com/auto-news/mint-explainer-the-catch-behind-cheaper-baas-powered-evs-11790764819890.html)
- 2026-09-30 — BUSINESSTODAY: **Why Maruti Suzuki’s Rahul Bharti believes it will continue its leadership in CAFE-III** — Maruti Suzuki, CAFE-III, fuel efficiency, India automotive regulations, electric vehicles, Tata Motors, SIAM, clean mobility, vehicle emissions, automotive innovation — [Source](https://www.businesstoday.in/auto/story/why-maruti-suzukis-rahul-bharti-believes-it-will-continue-its-leadership-in-cafe-iii-558874-2026-09-30)
- 2026-09-30 — NEWS.WEBINDIA123.COM: **India auto sales gain momentum in September but tractors lag: Jefferies** — Indias automobile sector is expected to see broad-based growth in September, with passenger vehicles, two-wheelers and commercial vehicles recording strong sales momentum, while tractors are likely to lag behind, according to a Jefferies research report. — [Source](https://news.webindia123.com/news/Articles/Business/20260930/4505380.html)
- 2026-09-30 — MONEYCONTROL: **Maruti Suzuki sees CAFE-III as boost as new norms favour weight-based targets** — Maruti Suzuki , CAFE-III , s favour weight-based targets — [Source](https://www.moneycontrol.com/news/business/companies/maruti-suzuki-sees-cafe-iii-as-boost-as-new-norms-favour-weight-based-targets-14042065.html)
- 2026-09-30 — FREEPRESSJOURNAL.IN: **Govt Notifies CAFE-3 Norms: Small Cars Get No Special Relief, EV Incentives Retained** — The Ministry of Power has notified CAFE-3 fuel efficiency norms, ending a long debate over concessions for small cars. The final rules remove a proposed special benefit for lightweight petrol vehicles while changing the fleet-weight formula. EVs retain compliance advantages through super credits, and manufacturers get a credit-debit mechanism — [Source](https://www.freepressjournal.in/business/govt-notifies-cafe-3-norms-small-cars-get-no-special-relief-ev-incentives-retained)
- 2026-09-30 — The Hindu: **CAFE-III norms notified with benefit to all; debate ends for small cars vs big cars; EVs vs non-EVs** — Rules from April 2027 give super-credits to EVs and other alternate-fuel vehicles; targets tighten 16.7% by 2031–32 — [Source](https://www.thehindubusinessline.com/news/cafe-3-norms-notified-with-benefit-to-all-debate-ends-for-small-cars-vs-big-cars-evs-vs-non-evs/article71527055.ece)
- 2026-09-30 — The Hindu: **Maruti Suzuki's Production Director resigns; new head appointed** — Maruti Suzuki board appoints Sarada Prasana Nayak as Head of Production and Production Engineering, with effect from October 1 — [Source](https://www.thehindubusinessline.com/markets/stock-markets/maruti-suzukis-production-director-resigns-new-head-appointed/article71526888.ece)
- 2026-09-30 — MONEYCONTROL: **What are CAFE-III norms and what do they mean for lighter cars, EVs and SUVs?** — CAFE norms, automobile, cars, carbon dioxide, hybrids, EVs, Maruti, JSW, MG, Tata Motors — [Source](https://www.moneycontrol.com/news/business/what-are-cafe-iii-norms-and-what-do-they-mean-for-lighter-cars-evs-and-suvs-14041566.html)
- 2026-09-30 — MONEYCONTROL: **CAFE 3 norms retain weight-based formula, no small-car relief** — CAFE 3 norms, CAFE III, CAFE 3 India, fuel efficiency norms, small cars, automotive emission norms, India car emission rules, CAFE norms 2027, Maruti Suzuki CAFE 3, electric vehicles India — [Source](https://www.moneycontrol.com/automobile/cafe-3-norms-retain-weight-based-formula-no-small-car-relief-article-14041600.html)
- 2026-09-30 — The Hindu: **CAFE III norms tighten targets, reward small cars and electrified vehicles** — Final CAFE III norms tighten passenger-vehicle efficiency by 17% through FY32, with EV, hybrid, CNG, and ethanol credits offering flexible compliance. — [Source](https://www.thehindubusinessline.com/news/cafe-iii-norms-tighten-targets-reward-small-cars-and-electrified-vehicles/article71526666.ece)
- 2026-09-29 — Mint: **Maruti Suzuki vs TVS Motor vs Mahindra: Which auto stock to buy ahead of festive season? Check target price** — Motilal Oswal remains bullish on OEM auto stocks like Maruti Suzuki, TVS, and M&M due to increased vehicle sales ahead of the festive season. Car volumes saw a 20.4% rise in August 2026, with Maruti and Honda as key outperformers. — [Source](https://www.livemint.com/market/stock-market-news/maruti-suzuki-vs-tvs-motor-vs-mahindra-which-auto-stock-to-buy-ahead-of-festive-season-check-target-price-11790698377129.html)
- 2026-09-29 — MONEYCONTROL: **Moneycontrol Pro Panorama | Will the festive fervour rev up auto margins?** — Economy, markets, MC Pro Panorama, Moneycontrol Pro Panorama, newsletter, Automobile — [Source](https://www.moneycontrol.com/news/business/economy/moneycontrol-pro-panorama-will-the-festive-fervour-rev-up-auto-margins-14040821.html)

## Business profile

**Strategic vision:** Passenger car manufacturer with distinct retail channels and integrated production.

### Business segments
- **Maruti Suzuki ARENA:** The main dealership network managing mass-market passenger cars, entry-level hatchbacks, and light commercial vehicles.
- **NEXA:** The premium retail channel managing premium hatchbacks, executive sedans, and sport utility vehicles (SUVs).
- **True Value:** The corporate-managed channel for purchasing, certifying, and selling pre-owned passenger vehicles.

### Competitive strengths
- Integrated production and distribution networks
- Dual-channel retail strategy targeting mass and premium segments
- Technology transfer from parent company

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## Freshness and sources

- Data as of: 2026-10-13
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/maruti
Markdown representation: https://faxioms.com/stocks/maruti?render=md