Indian Oil Corporation Limited has informed the Exchange regarding a press release dated January 12, 2026, titled "IndianOil and Maruti Suzuki Sign MoU to Expand Vehicle Service Network at Fuel Stations.".
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Indian Oil Corporation (IndianOil) and Maruti Suzuki India have signed a Memorandum of Understanding (MoU) to set up Maruti Suzuki-authorised service facilities at select IndianOil fuel stations across India. Under the deal, Maruti Suzuki car owners will be able to get scheduled periodic maintenance and minor repairs at the same locations where they refuel, creating a one-stop convenience experience. IndianOil brings its 41,000+ fuel station network to the table, while Maruti Suzuki currently operates 5,780+ service touchpoints. The collaboration aims to leverage IndianOil's nationwide retail footprint to expand Maruti Suzuki's after-sales service reach.
This strategic partnership could boost footfall at IndianOil fuel stations and open new non-fuel revenue streams, potentially supporting long-term earnings. For shareholders, it signals IndianOil's push toward value-added services and customer-centric diversification, though no specific financial projections or timelines have been disclosed yet.