Maruti Suzuki Shares Gain on NCLT Nod for Suzuki Gujarat Merger

Shares of Maruti Suzuki India gained in the early trade on June 12 after a key regulatory development after the National Company Law Tribunal (NCLT) approved the proposed amalgamation of Suzuki Motor Gujarat Pvt. Ltd., a wholly owned subsidiary, into Maruti Suzuki India. At 09:17 am on June 12, the stock was 0.3% higher on the NSE.

On June 11, the Principal Bench of NCLT in New Delhi approved the first motion application of the scheme of amalgamation filed by the company. “NCLT has dispensed with convening of the meeting of equity shareholders, secured creditors and unsecured creditors of the transferor company (Suzuki Motor Gujarat) and transferee company (Maruti Suzuki India) for the purpose of considering and approving the scheme of amalgamation,” the company said in an exchange filing.

The shares of the automaker closed 0.5% lower at Rs 12,452 apiece on the National Stock Exchange on June 11. The stock slipped up to 0.7% to its intraday low on June 11, weighed down by reports that the automaker has slashed its e-Vitara production target due to a shortage of rare earth metals. It has cut the near-term production targets by two-thirds. The e-Vitara maker now plans to make about 8,200 e-Vitaras between April and September, compared to an original goal of 26,500, Reuters reported.

Adding to the buzz, Maruti’s Swift Dzire has matched Skoda Slavia and Volkswagen Virtus in safety ratings, earning a 5-star certification in the Bharat NCAP crash test program. Its popular Baleno hatchback secured a 4-star rating.

At its June 11 close, the stock was over 16% above its 52-week low level and nearly 9% below its 52-week high level. Shares of the company have lost over 2% in the last one year, but have gained nearly 15% in 2025 so far. The stock has gained nearly 2% in the last one month.

Earlier this month, the company had said that it plans to invest over Rs 925 crore to expand its captive solar capacity to 319 MWp by FY2030-31. The carmaker had announced the expansion of its solar capacity by 30MWp with two new projects. Though the merger news may already be factored into the stock, the day's trade will be worth watching as investors digest a mix of recent developments surrounding the automaker.