MARUTINSEMaruti Suzuki India Limited· AutomobilesHighNegative
Announced Thu, 18 Dec, 2025 · 18:10 IST

Maruti Suzuki gets West Bengal GST order worth Rs 4.33 mn; to appeal

MARUTI · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close
+0.6%Reaction day
₹16306.00
prior close
₹16329.00
announcement price
After-mkt
timing
Nifty 100market · index membership as recorded later (tracked since Jun 2026)+0.6%-0.0% vs market
Passenger Cars & Utility Vehicles peers, median of 6sector+1.6%-1.0% vs sector

On the reaction day the stock moved in line with Nifty 100 and 1.0 pts less than its Passenger Cars & Utility Vehicles peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark
Stock
5m
+0.3
10m
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15m
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30m
+0.3
Sessions after the filingfrom the prior close
StockMarketvs marketSectorvs sector
Reaction day
+0.6+0.6-0.0+1.6-1.0
Next day
+2.3+1.4+0.9+3.0-0.7
2d
+1.6+1.5+0.1+4.1-2.5
3d
+2.5+1.3+1.1+2.9-0.4
4d
+1.7+1.0+0.7+2.7-0.9
5d
+1.5+0.6+0.9+4.6-3.1
1w
+2.3+1.4+1.0+6.0-3.6
15d
+1.8+0.1+1.7+2.0-0.2
1m
-0.8-0.5-0.2+2.4-3.1
2m
-8.7-0.9-7.9-3.2-5.6
3m
-22.7-10.2-12.6-13.2-9.6
UpDownMarket · Nifty 100Sector · Passenger Cars & Utility Vehicles peers, median of 6Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Maruti Suzuki received an Adjudication Order from the West Bengal GST Authority for the period April 2018 to March 2023. The order raises a tax demand of Rs 4.33 million plus an equal penalty of Rs 4.33 million, related to alleged issues with availment of GST credit. The company states there is no major impact on its financials, operations, or other activities, and it will file an appeal before the first appellate authority.

Likely market impact

Small tax demand of about Rs 8.66 mn in total; company plans to appeal. Likely immaterial for a company of this size.