Maruti Suzuki India Limited has notified stock exchanges about the adjournment of its National Company Law Appellate Tribunal (NCLAT) hearing from 27th February 2026 to 25th March 2026, following partial completion of arguments during the scheduled hearing.

Case Background and Timeline

The legal proceedings stem from a Competition Commission of India (CCI) order dated 23rd August 2021 against the company. NCLAT granted an interim stay on this CCI order on 22nd November 2021, providing temporary relief to Maruti Suzuki while the appeal process continues.

Recent Hearing Developments

The company's disclosure reveals that arguments in the matter were partially heard during the 27th February 2026 hearing. The tribunal has now scheduled the next hearing for 25th March 2026 to continue with further arguments from both parties.

Extended Legal Process

This case has experienced numerous adjournments since the initial hearing was scheduled for 9th September 2022. The matter has been rescheduled multiple times across 2022, 2023, 2024, 2025, and now into 2026, reflecting the complex nature of the proceedings.

Key phases in the legal timeline include:

• Initial Phase (2022): Written submissions filed and first hearing scheduled
• Multiple Adjournments (2022-2023): Several rescheduling due to various procedural reasons
• Arguments Phase (2024-2026): Commencement of oral arguments with ongoing adjournments

Regulatory Compliance

Maruti Suzuki has maintained consistent disclosure practices under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, keeping stakeholders informed about each hearing date and adjournment throughout the extended legal process.

The company continues to operate under the protection of the interim stay granted by NCLAT in November 2021, which remains effective pending the final resolution of the appeal against the CCI order.

Maruti suzuki has officially commenced sales of its e VITARA Battery Electric Vehicle (BEV), representing a transformative milestone in India's electric mobility landscape. The company announced this development through a regulatory filing dated February 17th, 2026, marking its entry into the electric vehicle segment with an innovative pricing and ownership model.

Pricing and Ownership Structure

The e VITARA introduces a Battery-as-a-Service (BaaS) pricing model designed to make electric vehicle ownership more accessible and affordable. This dual-loan finance product eliminates the upfront battery cost, offering customers a more flexible ownership experience.

Comprehensive Warranty and Benefits Package

Maruti Suzuki has structured an attractive benefits package to enhance customer confidence in electric vehicle adoption. The company offers extensive warranty coverage and value-added services to support the ownership experience.

Terms and Conditions

The BaaS pricing model comes with specific terms designed for personal use applications. The finance scheme requires approval from individual finance companies, banks, or NBFCs and is subject to their respective terms and conditions. The mentioned ownership plan specifically applies to the e VITARA 49kWh variant, with calculations based on an assumed daily vehicle usage of 60 kilometers, excluding charging costs.

The complimentary charging offer is valid on retail sales until March 31st, 2026, capped at 1,000 units of electricity (kWh) per customer or one year from vehicle purchase, whichever occurs earlier. The assured buyback plan operates through an insurance company and offers flexibility with ownership plans of either 3 years/45,000 km or 4 years/60,000 km, whichever comes first.

Availability and Booking Process

Customers can access detailed information about the e VITARA, experience test drives, and complete bookings at NEXA showrooms nationwide. Additionally, the company has enabled online booking through the NEXA website at nexaexperience.com/ebook, requiring an initial payment of ₹21,000 to secure the vehicle.

The e VITARA comes with a standard warranty of 3 years/1,00,000 km, with optional extensions available on a payment basis to 5 years/1,40,000 km. The vehicle also includes service-activated coverage for the 6th to 8th year specifically for EV-related components, demonstrating the company's commitment to long-term customer support in the electric vehicle segment.