Maruti Suzuki shares surged after the government approved legal recognition for 100% ethanol blend fuel (E100). This move, championed by Nitin Gadkari, aims to reduce India's import dependence and boost energy security. Maruti's recent launch of India's first flex-fuel passenger vehicle positions it as a direct beneficiary of this policy shift.
Maruti Suzuki shares surged after the government approved legal recognition for 100% ethanol blend fuel (E100). This move, championed by Nitin Gadkari, aims to reduce India's import dependence and boost energy security. Maruti's recent launch of India's first flex-fuel passenger vehicle positions it as a direct beneficiary of this policy shift.
<iframe src="https://hindustansphere.com/embed/cluster/723d985b4b950076e53ae1de683db3c1f8eb5869" width="100%" height="320" style="border:0;max-width:680px" loading="lazy" title="Maruti Suzuki shares jump over 4%. How is the new E100 regulation triggering a surge?"></iframe>
Shares of Maruti Suzuki rallied as much as 4% to their day's high of Rs 13,959 on the BSE on Monday after Union Minister for Road Transport and Highways Nitin Gadkari approved legal recognition for 100% ethanol blend fuel (E100), a move that could accelerate the adoption of flex-fuel vehicles and reduce India's dependence on imported fossil fuels.Speaking about India's reliance on fuel imports, Gadkari said ethanol would emerge as a "viable alternative to petrol" and help lower the country's im…
