Why Maruti Suzuki Shares are Under Selling Pressure Today

Maruti Suzuki Share Price: The domestic auto company witnessed selling pressure on D-street after it received a draft income tax assessment of Rs 2,966 crore for FY21-22. Maruti Suzuki shares dropped by nearly a percent on Wednesday and were trading around Rs 11,815 price level on the bourses.

"The company has received a draft Assessment Order for the FY 2021-22 wherein certain additions/ disallowances amounting to Rs 29,660 million with respect to returned income (the income disclosed by the Company in its Income Tax return) have been proposed," Maruti Suzuki stated in an exchange filing.

While this news might come as a major trigger for investors, the company has stated in its exchange filing that it "will file objections before the dispute resolution panel." Meanwhile, there will be a negligible impact on the financials. At 11:15 am, the shares of the auto-maker were trading at Rs 11,815 price level, down by over 0.45% on the National Stock Exchange.

"There is no impact on financial, operation or other activities of the Company due to this draft Assessment Order," the company said.

Maruti Suzuki Share Price Outlook

So far this year, the shares of the company have largely remained in the positive territory, despite a broader market correction at play. In the last 3 months (as of March 26), the shares have surged by over 5.41% on the NSE. However, in the last 6 months, the shares have tanked over 11.5%.

Despite the larger optimism, the shares are down by around 12% from 52-week-highs. During its mid-term plan meet, Maruti Suzuki set a target to capture 50% of India's market (in PV segment) and lead in production, exports and BEV sales. The company also highlighted its growing focus on hybrids and EVs.

The overall demand outlook remains a major concern, not just for Maruti Suzuki, but for the entire auto sector.

"Based on our estimates, domestic PV industry wholesale volumes grew in low-single digits yoy, driven by channel filling, whereas retail sales of the PV industry declined ~11% yoy in February 2025, driven by weak consumer sentiment. MSIL’s volumes improved by 0.9% yoy, led by 3.3% yoy growth in domestic and a 13.5% yoy decline in export volumes. Based on our estimates, MSIL’s wholesale market share stood at 42.5% (down 60 bps yoy)," Kotak Institutional Equities stated in a report.