Maruti Suzuki tanks 33% in calendar year 2026; stock hits 18-month low

Maruti Suzuki reported movement of 33%. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.

Against that, the stock is -1.9% on the day at ₹11,198.00, and has returned -18.2% over three months. It sits 35% below its 52-week high, which means a good deal of bad news was already in the price. The auto sector has moved -4.5% over the same period, so Maruti Suzuki is running 13.7 points behind its peers.

For Maruti Suzuki, the question is how much of this is already reflected in the price and how much re-rates the auto peer set alongside it.