Maruti Suzuki India (NSE:MARUTI) eyes a ₹350bn Kharkhoda plant capex while managing tax claims of ₹135.95m, all as Jefferies upgrades to Buy with a ₹16,500 target and lift in EPS forecasts; shares have risen sharply amid E20 compatibility claims and strong recent trading.
Previous Week Recap
- Maruti ₹350B Investment Plan: Maruti Suzuki (MARUTI) plans a ₹350 billion capital investment for its Kharkhoda auto plant. Company disclosed the amount but gave no timeline or financing details, relevant for traders.
- Jefferies Upgrades Maruti To Buy: Jefferies upgraded Maruti Suzuki (MARUTI) to Buy, raised target to ₹16,500, lifted FY27–FY29 EPS 2–4% and forecasts 16% EPS CAGR FY26–FY29; stock jumped ~4–5% on June 30.
- Maruti Tax Claims Total ₹135.95m: Maruti Suzuki (MARUTI) faces tax claims totaling ₹135.95 million: demand ₹34.45m plus equal penalty and a separate ₹67.05m penalty — sums reported by the company.
- Maruti Serviced 15M Older Cars: Maruti Suzuki says it serviced 15 million older non‑E20 cars in two years with no fuel-related issues, citing this as evidence of E20 compatibility with older vehicles.
- Maruti Trades Near ₹14,243: Maruti Suzuki (MARUTI) traded near ₹14,243, up about 0.9% intraday after a 5.5% gain prior session, reflecting consecutive-session price strength relevant to traders.
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