MARUTI2023-10-012023-12-31 MARUTI2023-10-012023-12-31 MARUTI2023-10-012023-12-31in-bse-fin:OneOperatingExpenses01Member MARUTI2023-10-012023-12-31in-bse-fin:OneOperatingExpenses02Member MARUTI2023-10-012023-12-31in-bse-fin:FourOperatingExpenses01Member MARUTI2023-10-012023-12-31in-bse-fin:FourOperatingExpenses02Member MARUTI2023-12-31 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 532500 MARUTI NOTLISTED Maruti Suzuki India Limited Equity 2023-04-01 2024-03-31 2024-01-31 2024-01-17 INR Millions Third quarter 11:30:00 13:30:00 2024-01-31 2024-01-31 Not applicable Single segment The Company is primarily in the business of manufacturing, purchase and sale of Motor Vehicles, Components and Spare Parts ( Automobiles ). The other activities of the Company comprise facilitation of Pre- Owned Car Sales, Fleet Management and Car Financing. The income from these activities is not material in financial terms but such activities contribute significantly in generating demand for the products of the Company. Accordingly there are no reportable segments. 2023-10-01 2023-12-31 Unaudited Standalone 333087000000.00 9330000000.00 342417000000.00 110950000000.00 125248000000.00 -22000000.00 13386000000.00 354000000.00 7517000000.00 44446000000.00 301879000000.00 40538000000.00 0.00 40538000000.00 9191000000.00 47000000.00 9238000000.00 0.00 31300000000.00 0.00 0.00 0.00 0.00 31300000000.00 -912000000.00 30388000000.00 0.00 0.00 1572000000.00 5 101.90 101.90 0.00 0.00 101.90 101.90 1. The above financial results have been prepared in accordance with the recognition and measurement principles laid down in Ind AS 34 Interim Financial Reporting prescribed under Section 133 of the Companies Act, 2013, read with the relevant rules issued thereafter ( Ind AS ) and the other accounting principles generally accepted in India. 2. The above financial results were reviewed by the Audit Committee and approved by the Board of Directors in their meeting held on January 31, 2024. The limited review of financial results for the quarter ended and nine months ended December 31, 2023, as required under Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, has been completed by the Statutory Auditor and they have issued an unmodified report on the aforesaid results. 3. The Company is primarily in the business of manufacturing, purchase and sale of Motor Vehicles, Components and Spare Parts ( Automobiles ). The other activities of the Company comprise facilitation of Pre-Owned Car Sales, Fleet Management and Car Financing. The income from these activities is not material in financial terms but such activities contribute significantly in generating demand for the products of the Company. Accordingly there are no reportable segments. 4. Subject to legal and regulatory compliances including minority shareholders approval, the Board of Directors at its meeting held on July 31, 2023 had approved termination of the contract manufacturing agreement (CMA) with Suzuki Motor Gujarat Private Limited (SMG) and exercising of the option to acquire 100% equity shares of SMG from Suzuki Motor Corporation (SMC) and at its meeting held on October 17, 2023 had approved execution of a Share Purchase and Subscription Agreement (“SPSA”) to acquire 100% equity capital of SMG owned by SMC and discharge the consideration for such purchase of 100% of the SMG's equity shares by way of issue and allotment of the Company's equity shares to SMC on a preferential basis for consideration other than cash. SMG is engaged in manufacturing and sale of motor vehicles, components and spare parts and based on the terms of SPSA. SMG will continue to manufacture vehicles and parts and supply them to the Company on a ‘no-profit no-loss’ basis till March 3l, 2024. Further, pursuant to the shareholders approval obtained through postal ballot for issue of equity shares to SMC on preferential basis, the Board of Directors at its meeting held on November 24, 2023 allotted 12,322,514 equity shares of the Company having face value of INR 5 each to SMC, at a price of INR 10,420.85 per equity share at a total consideration of INR l28,411 million (Equity share capital of Rs. 62 million and Securities premium of Rs. 128,349 million) on a preferential basis for consideration other than cash, for the purchase of 100% of 12,841,107,500 equity shales of SMG owned by SMC at share exchange ratio of l:1042.085. Pursuant to such purchase of 100% equity shares from SMC, SMG has become a wholly owned subsidiary of the Company. Single segment 2023-04-01 2023-12-31 Unaudited Standalone 1026977000000.00 27368000000.00 1054345000000.00 338352000000.00 404000000000.00 -9169000000.00 41122000000.00 1170000000.00 22933000000.00 135511000000.00 933919000000.00 120426000000.00 0.00 120426000000.00 25771000000.00 1339000000.00 27110000000.00 0.00 93316000000.00 0.00 0.00 0.00 0.00 93316000000.00 3392000000.00 96708000000.00 0.00 0.00 1572000000.00 5 307.18 307.18 0.00 0.00 307.18 307.18 Other Expenses 44946000000.00 Vehicles / dies for own use -500000000.00 Other Expenses 136851000000.00 Vehicles / dies for own use -1340000000.00 -994000000.00 3764000000.00 -82000000.00 372000000.00 0.00 0.00