Maruti Suzuki shares in focus after receiving income tax notice worth Rs 5,786 crore

Shares of India’s leading car manufacturer Maruti Suzuki will be in focus heading into trade on Wednesday after the company said it had received a draft assessment order from the Income Tax Authority amounting to Rs 5,786 crore.

The company said it will file objections before the Dispute Resolution Panel, according to a regulatory filing. It added that the tax notice does not affect its financial, operational or other business activities.

Maruti Suzuki share price performance

Maruti Suzuki’s share price has declined sharply, falling 15% over the past one month, 18% in six months, and 22% since the start of 2026.

Earlier this month, the Wagon R maker reported a 7.32% rise in total sales to 2,13,995 units in February 2026, compared with 1,99,400 units a year earlier. Total domestic passenger vehicle sales were marginally up at 1,61,000 units last month, against 1,60,791 units in February 2025, Maruti Suzuki India said in a regulatory filing.

Sales of the mini car vertical, comprising Alto and S Presso, increased slightly to 10,238 units from 10,226 units in the year ago month.

However, the compact car segment, including Baleno, Celerio, Dzire, Ignis, Swift and Wagon R, witnessed a decline in sales to 66,386 units last month against 72,942 units in February 2025. On the other hand, sales of utility vehicles, consisting of Brezza, Ertiga, e Vitara, Fronx, Grand Vitara, Invicto, Jimny and XL6, increased to 72,756 units compared with 65,033 units a year ago.

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Maruti Suzuki Q3 snapshot

The automobile major reported a 4% year on year (YoY) increase in standalone profit after tax (PAT) at Rs 3,794 crore for the December quarter, compared with Rs 3,659 crore in the same period last year.

Despite the muted profit growth, the company delivered a strong top line performance. Revenue from operations surged 29% YoY to Rs 49,891 crore in Q3 FY26, up from Rs 38,752 crore a year ago, driven largely by robust domestic demand.

Maruti Suzuki reported its highest ever quarterly domestic sales at 564,669 units, compared with 466,993 units in Q3 FY25, registering an increase of 97,676 units. The company noted that the small car segment alone contributed 68,328 units to this growth.

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