Maruti Suzuki India Limited received a Penalty Order from the Income Tax Authority on June 29, 2026, levying a penalty of ₹67.05 million for FY 2009-10. The order was issued under section 271(1)(c) of the Income Tax Act, 1961, and relates to certain additions and disallowances made during tax proceedings. The company stated it will file an appeal against the said Penalty Order.

The disclosure was made to the National Stock Exchange of India Limited and BSE Limited under Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The filing was submitted by Sanjeev Grover, Executive Officer & Company Secretary.

Maruti Suzuki clarified that there is no major impact on the financial, operational, or other activities of the company due to this Penalty Order. The specifics of the penalty and the company's response are detailed in the table below.

Maruti Suzuki has flagged very weak demand conditions, with its flex-fuel vehicle segment recording particularly poor uptake since launch. The company has sold just 3 units of its flex-fuel vehicles since the product was introduced, pointing to a significant challenge in driving consumer adoption of this alternative-fuel technology.

Flex-Fuel Vehicle Sales Performance

The sales figures for Maruti Suzuki's flex-fuel vehicle lineup paint a stark picture of demand conditions in this segment. With only 3 units sold since launch, the numbers reflect a near-negligible market response to the company's flex-fuel offering.

Weak Demand Conditions

Maruti Suzuki's observations on overall demand indicate that the company has experienced very weak demand conditions. The flex-fuel vehicle segment has been particularly affected, with consumer interest remaining subdued since the vehicle's market introduction. The extremely low sales volume of just 3 units underscores the limited traction that flex-fuel technology has gained among Indian consumers thus far.