Maruti Suzuki Receives Rs 5,786 Crore Income Tax Draft Assessment Order, Plans Appeal

Maruti Suzuki India Limited has received a draft income tax assessment order for FY 2022-23 proposing additions and disallowances totaling Rs 5,786 crore. The company stated this notice will not affect its financial or operational performance and plans to file objections before the Dispute Resolution Panel. Despite the tax demand, Maruti Suzuki's shares rose by around 1.8%, reflecting positive investor sentiment. The automaker reported steady sales growth and remains cautiously optimistic about future demand.