Maruti Suzuki partners with Indian Oil to expand service network nationwide, check detailsMaruti Suzuki partners with Indian Oil to expand service network nationwide, check details

Introduction

Leading automaker signs MoU with energy firm to expand vehicle service network nationwide and approves land acquisition in Gujarat to increase production capacity by one million units.

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Share price movement of Maruti Suzuki

On January 12, 2026, Maruti Suzuki India Ltd opened at ₹16,500.95, up 0.04% from its previous close of ₹16,501.00. The stock reached a high of ₹16,607.70 (0.64%) and a low of ₹16,266.80. By 3:32 PM, it traded at ₹16,607.45, a 0.65% increase, with a market cap of ₹5,22,142.50 crore.

Maruti Suzuki Expands Service & Capacity

Maruti Suzuki India Limited signed a Memorandum of Understanding with Indian Oil Corporation Limited to set up vehicle service facilities at select IOCL fuel retail outlets nationwide.

The facilities will offer routine maintenance, minor repairs, and major services. This initiative expands Maruti Suzuki’s existing network of 5,780 service touchpoints across 2,882 cities in India.

The board of Maruti Suzuki also approved acquisition of land at Khoraj Industrial Estate, Gujarat, to expand production capacity. The expansion aims to add one million units to current capacity.

The total cost for land acquisition, development, and preparatory activities is Rs 4,960 crore. Funding will come through a combination of internal accruals and external borrowings to meet market demand.

Stock performance of Maruti Suzuki for Period of 1 week, 6 months, and 1 year

Maruti Suzuki India Ltd declined 3.8% over the past week, gained 31.3% in the past 6 months, and rose 41.9% over the past 1 year.

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Shareholding pattern of Maruti Suzuki

Particulars	Sep 2025	Jun 2025	Mar 2025
Promoter	58.30%	58.30%	58.30%
FII	15.80%	15.20%	15.00%
DII	23%	23%	24%
Public	3.30%	3.20%	3%

About Maruti Suzuki

Maruti Suzuki India Ltd (NSE: MARUTI) is India’s market leader in passenger vehicles, manufacturing and selling motor vehicles, components, and spare parts since 1981, subsidiary of Suzuki Motor Corporation.

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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

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