NSENews Verification30 Jun 2026 · 30 Jun 2026, 06:29 pm
News Verification
Maruti Suzuki India Limited · MARUTI
✦ AI Summary
Maruti Suzuki India Limited has clarified that the recent news article about onboarding 5 startups to co-create solutions across multiple business areas has no material impact on the company's operations, financial position, or performance. The company has confirmed that it has complied with all disclosure requirements under SEBI regulations.
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Growth Catalyst2/10
Governance Concern1/10
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Liquidity Impact8/10
Market Sentiment5/10
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Full Announcement
The Exchange has sought clarification from Maruti Suzuki India Limited with respect to recent news item captioned Maruti Suzuki onboards 5 startups to co-create solutions across multiple biz areas. The response from the Company is attached.
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MARUTI_30062026182840_Reply_Rumour_Verification.pdf
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MARurtwSsuzurt
MSIL: COS: NSE&BSE: 2026106 09
30rh lune2026
Vice President General Manager
National Stock Exchange of India Limited Department of Corporate Services
"Exchange Plaza", Bandra - Kurla Complex BSE Limited
Bandra (E), Phiroze Jeejeebhoy Towers
Mumbai - 400 051 Dalal Street, Mumbai- 400 001
Subiect: Clarification /Confirmation on news item aooearins in "Media/Publication'o
Dear Sir(s),
This is in reference to your email dated June 30, 2026, seeking clarification on the news item which
appeared in the "Website-www.moneycontrol.com" dated June 30, 2026, captioned 'oMaruti
Suzuki onboards 5 startups to co-create solutions across multiple biz areas". The media article is
based on the press release issued by the Company on June 29, 2026, titled "Maruti Suzuki
collaborates with 5 startups. The said press release relates to an update on the Company's
ongoing innovation program, which is limited to supporting startups in co-creating incremental
business solutions aimed at improving operational efficiency, customer experience etc.
Such engagements are undertaken through structured Innovation Program and do not involve any
commercial arrangements of a material nature. The Company is not involved in any negotiations
in relation to the said matter. The press release is enclosed for reference as Annexure - A.
The required information as requested by the Exchanges is as under:
MARUTI SUZUKI INDIA LIMITED
Registered and Head Offce:
Maruti Suzuki lndia Limited,
1, Nelson Mandela Road, Vasant Kunj,
New Delhi- 110070, India
Tel: 011-46781000
Emdl ld : contactcDmarutl.co.ln, www.marutisuzukl.com
CIN : L34103DL1981PLC011375
MARUTT\lSsuzurr
a) Whether such negotiations/events were taking place? [f so, you are advised to provide the
said information along with the sequence of events in chronological order from the start of
negotiations/events ti ll date.
As explained above
b) Whether you/company are aware of any information that has not been announced to the
Exchanges which could explain the movement in the trading, if any? Further, you are
advised to provide the said information and the reasons for not disclosing the same to the
Exchange earlier as required under regulation 30 of the SEBI (LODR) Regulations, 2015.
No. Since the subject matter does not have any material impact on the operations, financial
position or performance of the Company, hence no disclosure requirement triggers under
Regulation 30.
The material impact of this article on the Company.
No impact, as stated above.
The Company is not aware of any undisclosed information or event which could explain
any movement in the price or trading volume of its securities and confirms that it has
complied with all disclosure requirements under Regulation 30 of the SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing
Regulations").
MARUTI SUZUKI INDIA LIMITED
Reglstered and Head Ofice:
Maruti Suanki lndia Limited,
1, Nelson Mandela Road, Vasant Kunj,
New Delhi - 11fi)70, lndia
Tel: 011-t[6781000
Emall ld : contact@arutl.co.ln, www.marutisuatkl.com
CIN : 134103DL1981PLC011375
MARUTT\lSsuzurt
The movement in the Company's share price is entirely due to market circumstances, which
appear to be driven by the market and over which the Company neither has any control nor
is aware of the underlying causes.
We trust the above clarifies and request you to take the same on your records.
Thanking You,
Yours truly,
ForMaruti Suzuki India Limited
Sanjeev Grover
Executive Officer & Company Secretary
MARUTI SUZUKI INDIA LIMITED
Reglstered and Head Ofice:
Maruti Suarki lndia Limited,
1, Nelson Mandela Road, Vasant Kunj,
Nqr Delhi - 11d)70, lndla
Tel: 011-467810fr)
Emall ld : contact@narutl.co.ln, www.marutlsuarkl.com
CIN : 134103DL1981PLC0'11375
Annexure - A
Press Release
Maruti Suzuki collaborates with 5 startups
New Delhi, 29 June 2026: Maruti Suzuki India Limited (“Maruti Suzuki”) has onboarded five startups:
MiniMines, Easework AI, Sarvam AI, Siftly and CodeMate AI to co-create solutions across multiple
business areas to enhance operational efficiency and elevate customer experience.
The selected startups are winners of the 5th cohort of the Maruti Suzuki Incubation Program (MSIP). MSIP
is organized in partnership with IIM Bangalore’s incubation hub for entrepreneurship and startup support,
NSRCEL (Nadathur S. Raghavan Centre for Entrepreneurial Learning).
Mr. Hisashi Takeuchi, Managing Director & CEO, Maruti Suzuki India Limited said, “At Maruti Suzuki, we
have been actively working with startups to co-create innovative and practical solutions to address real
business challenges. We are delighted to collaborate with five more startups. One of these startups,
MiniMines, will support us in safely recycling end-of-life batteries, while the other four startups will help
improve customer engagement and drive efficiency across our business operations.”
Details of the startups and project areas:
Startup Solution
MiniMines Environment-friendly recycling of end-of-life Lithium-ion batteries and extraction of
precious materials
Easework AI End-to-end workflow automation of procurement process related indirect
consumables using agentic AI
Sarvam AI GenAI agents, with multilingual support, for better customer interaction across all
touchpoints
Siftly Use of Generative AI for enhancing brand visibility
CodeMate AI Use of AI for faster development of software applications used in business processes
About Maruti Suzuki’s Innovation Programs:
Maruti Suzuki has built multiple programs to provide the right direction and support to startups in
developing innovative solutions to help solve real-world business problems. In its journey of 7 years,
around 7,400 startups have been screened, over 250 startups were engaged and 38 of these startups
have been onboarded as partners, delivering value to our business.
Some of the major programs are:
• Maruti Suzuki Accelerator: Launched in January 2019, through this program, Maruti Suzuki fosters
open innovation in the automobile manufacturing and mobility space, by collaborating with growth-
stage startups to co-create cutting-edge technological solutions
• Maruti Suzuki Incubation Program: Started in August 2020 with an aim to nurture technology
enabled startups defining future of mobility. NSRCEL supports the program by identifying
high-potential mobility startups in early-stage, providing hands-on expert mentorship, and offering
access to IIM Bangalore’s rich academic and entrepreneurial ecosystem
• Mobility Challenge: Initiated in June 2021 to explore new age technologies and help startups in
mature stage to showcase their cutting-edge innovative solutions in the mobility space
• Nurture: Started in 2023 as a Pre-Incubation Program for idea-stage startups in collaboration with
IIM Calcutta Innovation Park
• FundRays: An investment readiness program for Maruti Suzuki Innovation alumni startups,
launched in September 2025 in partnership with ISB Hyderabad
Issued by:
Corporate Communication,
Maruti Suzuki India Limited,
1, Nelson Mandela Road,
Vasant Kunj, New Delhi
Ph: 91-11-4678 1000
Email: corp.comm@maruti.co.in
Website: www.marutisuzuki.com
X: @Maruti_Corp