Maruti Suzuki India Limited has informed the Exchange about Change in Statutory Auditors of wholly owned material subsidiary of the Company.
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Maruti Suzuki India has informed the stock exchanges that its wholly owned material subsidiary, Suzuki Motor Gujarat Private Limited (SMG), has changed its statutory auditor. Deloitte Haskins & Sells LLP resigned on May 12, 2025, with effect immediately, and Price Waterhouse Chartered Accountants LLP (PW) was appointed the same day to fill the casual vacancy. Deloitte had originally been appointed for a 5-year term at the 7th AGM in August 2021, and had completed the FY25 audit (report dated April 24, 2025). The trigger was a decision by Suzuki Motor Corporation, the ultimate Japanese parent, to change its statutory auditor — SMG is realigning with an Indian firm from the same network as the parent's new auditor for operational synergy and consistency. Deloitte confirmed there were no concerns, disputes, or other material reasons behind the resignation.
This is a group-level audit realignment at the subsidiary level and does not affect Maruti Suzuki India's own statutory auditor or consolidated audit. No governance red flags, as the change is driven by the parent company's decision and Deloitte explicitly cited no concerns. Shareholders are unlikely to see any material impact on the stock.