Maruti Suzuki unveils India's first flex-fuel car as stock slides 22% YTD 2026
Maruti Suzuki has launched India's first flex-fuel passenger vehicle, a Wagon R variant compatible with E20-E100 ethanol blends. The strategic bet on alternative-fuel mobility comes as shares trade at Rs 13,100, down 21.6% YTD, with analysts eyeing Rs 13,985 as a recovery target.
What happened
Maruti Suzuki launched India's first flex-fuel passenger vehicle, the Wagon R, compatible with E20-E100 ethanol blends. Stock is down 21.6% in 2026 YTD;
Key facts
- Rs 13,100.65
- -21.62% YTD 2026
- E20 to E100
- E85 homologation
- Rs 12,700 support
- Rs 13,270 resistance
- Rs 13,985 target
Why this matters
The launch opens partnership runway with ethanol producers, sugar cooperatives, and fuel retailers, while creating IP and platform leverage for licensing or JV plays across emerging markets.