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Informist, Thursday, Jul. 31, 2025

AHMEDABAD – Maruti Suzuki Ltd. has altered its memorandum of association to expand the scope of its business beyond its current operations, the company said in a filing with stock exchanges Thursday. The memorandum of association is a legal document that specifically defines a company's constitution, outlining its objectives and scope of activities. Through the change, the automaker, which primarily manufactures and sells internal combustion engine cars, hybrid cars, electric vehicles, and compressed natural gas cars, is now looking to enter multiple business.

The business Maruti Suzuki is looking to explore include integrated fleet management services, subscription-based mobility services, vehicle leasing, supply chain, warehousing, and logistics. The carmaker is also looking to expand its pre-owned car sales business, set up electric vehicle charging stations, and get into compressed biogas and hydrogen gas operations. 

As per the filing, the new memorandum of association proposed by the Maruti Suzuki board includes the company carrying on the business of manufacturing, buying, selling and dealing in most multi-fuel running automobiles plying on land, sea and in air, or in any combination thereof. These include drones, unmanned aerial vehicles, unmanned aircraft systems and all related components, accessories and technology. Maruti Suzuki would also be able to establish and operate facilities for testing, training and data processing conducive to any of these activities, the company said.

Maruti Suzuki is also seeking to carry on the business of operating, managing and providing integrated fleet and mobility services, including subscription services, shared mobility, last-mile connectivity, vehicle leasing, transportation. This is likely to allow the company to explore opportunities in bus-leasing by local government bodies, which are gradually shifting to leasing buses rather than owning them while providing urban public transport to citizens.

Maruti Suzuki, which has been facilitating the sale of pre-owned vehicles through its TrueValue proposition for years, now seeks to extend it to all kinds of vehicles post the changed memorandum of association, the filing shows. The company, which has been helping expand the network of electric vehicle charging stations across the country, is also expanding its scope to build infrastructure for new fuels such as compressed biogas, hydrogen gas and fermented organic manure. 

The leading auto manufacturer and seller of cars in the country is now seeking to offer its technical services, consultancy and advisory in mobility solutions, vehicle design and engineering knowledge, vehicle testing facilities, research and development to third parties, instead of just using them for its own purpose, as is generally the case with most automakers across world. It is also open to entering trade in carbon credits and providing related advisory to others, it said.

The company is also seeking to expand the scope of its activities in scrapping end-of-life vehicles in India by establishing and operating facilities for treatment, recycling and conversion of obtained raw material to usable products. At present Maruti Suzuki is reported to have a 50:50 joint venture with Toyota Tsusho – Maruti Suzuki Toyotsu India Private Ltd. – operating India's first government-approved end-of-life vehicle scrapping and recycling facility in Noida with the ability to process 24,000 vehicles annually, recovering steel, plastics, and other materials.

At 1317 IST, shares of Maruti Suzuki were at INR 12,555 per share on the National Stock Exchange, down 0.5%.  End

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

Reported by Sunil Raghu

Edited by Avishek Dutta

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