Maruti Suzuki trades lower despite revoking of Rs 1.8-crore GST demand

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26 Aug, 2025 12:21

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Shares of Maruti Suzuki traded lower in the early on December 8, despite the company receiving a favourable order from the GST department.

At 9:42am, Maruti Suzuki India was quoting at Rs 10,660.15, down Rs 32.50, or 0.30 percent on the BSE

"Maruti Suzuki has received a favourable order dated December 6, 2023 from the Gujarat GST Department, dropping the demand of Rs 17.87 million (Rs 1.78 crore) mentioned in an earlier show-cause notice dated September 29, 2023," said the company.

The period involved was July 2017 to March 2018 and the demand as per the show-cause notice was on account of reconciliation of tax returns filed by the company.

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The company had reported a 3.39 percent rise in total sales at 1,64,439 units in November 2023 as compared to 1,59,044 units in the same month last year.

Its total production declined by 3 percent to 1,47,763 units in November. The company had produced 1,52,786 units during the same month last year.

The share touched a 52-week high of Rs 10,930.00 and a 52-week low of Rs 8,076.65 on December 7, 2023 and December 26, 2022. Currently, the stock is trading 2.47 percent below its 52-week high and 31.99 percent above its 52-week low.