Maruti Suzuki Gets ₹5,786 Crore Tax Notice, Says No Impact on Operations

New Delhi, March 2026 : Maruti Suzuki India Limited on Tuesday said it has received a draft assessment order from the Income Tax Department involving a demand of ₹5,786 crore. The company, however, assured that the notice will not affect its financial health or business operations.

In a regulatory filing, the automaker stated that it will challenge the draft order by filing objections before the Dispute Resolution Panel, as part of the prescribed legal process.

The draft assessment order relates to the financial year 2022–23, during which tax authorities proposed additions and disallowances amounting to ₹57,864 million to the company’s reported income. These adjustments pertain to the income disclosed by the company in its tax returns for that period.

“The company has received a Draft Assessment Order for FY2022–23 wherein certain additions/disallowances have been proposed with respect to the returned income,” Maruti Suzuki said in its filing, adding that it will pursue appropriate remedies.

Despite the sizeable tax demand, investor sentiment remained largely unaffected. Shares of Maruti Suzuki were trading at ₹12,986 apiece during the session, reflecting a gain of 1.82 per cent, indicating continued confidence in the company’s fundamentals.

The automaker also highlighted its recent financial performance, which remains robust. According to its unaudited third-quarter results, Maruti Suzuki reported total tax expenses of ₹10,360 million. The company recorded sales of ₹667,769 million, while its profit after tax (PAT) stood at ₹37,940 million.

Operationally, the company has maintained steady growth momentum. In the first nine months of FY26, it sold 1,435,945 units, marking a 3.9 per cent year-on-year increase. The sales portfolio included a diverse range of vehicles such as mini cars, compact cars, mid-size sedans, and utility vehicles, reflecting strong demand across segments.

Looking ahead, the company remains cautiously optimistic about market conditions. Senior executive Rahul Bharti had earlier indicated that the fourth quarter is expected to remain positive. He also noted that a clearer outlook on industry growth would emerge in the coming months.

Bharti had further suggested an initial estimate of around 7 per cent sustainable volume growth for the automobile sector, though he emphasised that this projection would be reassessed based on evolving market dynamics.

Overall, while the tax notice represents a significant development, Maruti Suzuki’s stable financial performance and growth outlook indicate that the company is well-positioned to navigate the situation without major disruptions.

(The content of this article is sourced from a news agency and has not been edited by the Mavericknews30 team.)