Maruti Suzuki Faces ₹1183 Crore Tax Notice; Shares Await Market Reaction

• Maruti Suzuki India received a final assessment order from the Income Tax Authority for FY 2021-22, demanding ₹1,182.5 crore including interest.
• The company plans to appeal the demand notice to the Income Tax Appellate Tribunal, stating it will not impact business health.
• The tax notice could influence Maruti Suzuki's share movement when the market reopens on January 27 after a holiday.
• Maruti Suzuki shares closed down 1.87% at ₹15469.60 on BSE amidst weak market sentiment before the notice disclosure.
• Separately, Maruti Suzuki announced a ₹35,000 crore investment for a new manufacturing plant in Khoraj, Gujarat, aiming for 1 million cars annually and creating 12,000 jobs.

Why It Matters: Maruti Suzuki received a significant tax notice but plans to appeal, while also announcing a major investment.