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Maruti Suzuki faces a ₹5,786 crore tax demand for 2022–23 but says it will challenge it and expects no impact on operations.
Maruti Suzuki India has received a draft income tax assessment order demanding ₹5,786 crore for FY2022–23, citing proposed additions and disallowances to its reported income.
The company says it will challenge the order before the Dispute Resolution Panel and insists the matter won’t affect its financial health, operations, or business activities.
Despite the significant tax notice, shares rose, reflecting investor confidence.
The automaker reported strong sales and profits in recent quarters, with year-on-year growth in vehicle sales and stable financial performance.
The outcome of the dispute remains pending.
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Maruti Suzuki se enfrenta a una demanda fiscal de ₹5.786 crore para 2022–23, pero afirma que la impugnará y no espera ningún impacto en las operaciones.