Maruti Suzuki India Limited has informed the Exchange regarding a press release dated January 12, 2026, titled "Maruti Suzuki collaborates with Indian Oil Corporation Limited to further expand nationwide service reach".
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Maruti Suzuki has signed a Memorandum of Understanding (MoU) with Indian Oil Corporation Limited (IOCL) to set up vehicle service facilities at IOCL fuel retail outlets across India. Customers will be able to get routine maintenance, minor repairs, and major services at these locations. The move aims to leverage IOCL's network of over 41,000 fuel stations to make car servicing more convenient. Maruti Suzuki already operates over 5,780 service touchpoints across 2,882 cities, and this partnership will further strengthen that reach. The collaboration brings together the mobility and energy sectors to enhance customer experience.
This expansion should improve after-sales service accessibility for Maruti Suzuki customers and could drive higher service revenue and customer retention. It is a positive operational development but unlikely to cause any immediate significant movement in the stock price.