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Maruti Suzuki shares jump over 4%. How is the new E100 regulation triggering a surge?
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.
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economictimes.indiatimes.com
Signed file on 100 per cent ethanol fuel rules: Nitin Gadkari says multiple companies to adopt alternative blend
Union Minister Nitin Gadkari has approved 100 percent ethanol blend fuel. This move aims to significantly reduce India's import dependence on fossil fuels. Maruti Suzuki has…
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'People used to laugh' at the idea: Gadkari approves use of 100% ethanol fuel in India
