Key facts
- Maruti Suzuki shares rose over 4%.
- The Indian government approved legal recognition for 100% ethanol blend fuel (E100).
- Nitin Gadkari championed the policy shift.
- The policy aims to reduce import dependence and boost energy security.
- Maruti Suzuki recently launched a flex-fuel passenger vehicle.
- Maruti Suzuki launched India's first flex-fuel hatchback, the Wagon R Bioflex.
- The Wagon R Bioflex starts at Rs 7.24 lakh ex-showroom.
- The Wagon R Bioflex is based on the ZXi+ petrol-manual model.
- The flex-fuel variant costs Rs 86,000 more than the petrol-manual model.
Maruti Suzuki's stock experienced a significant rise, climbing over 4%, subsequent to the Indian government granting legal recognition to 100% ethanol blend fuel, known as E100. This strategic policy change, actively promoted by Nitin Gadkari, is designed to decrease the nation's dependence on imported fossil fuels and bolster its energy security. The company's recent introduction of a flex-fuel passenger vehicle positions it as a primary beneficiary of this governmental initiative.