Mexican Media Brands
Sales, Profits Soar for Maruti Suzuki
Maruti Suzuki India Ltd. reports its net profit in January-March soared 61% to 12.8 billion rupees ($202 million).
#economics
Share
Maruti Suzuki India Ltd. reports its net profit in January-March soared 61% to 12.8 billion rupees ($202 million). Revenue in the fiscal fourth quarter climbed 12% to 132.7 billion rupees ($2.1 billion), and unit sales grew 7% to 346,700 units.
For the full fiscal year ended March 31, sales by the New Delhi-based company climbed 14% to 486.1 billion rupees ($7.7 billion). Annual sales increased 12% to 1.29 million vehicles, and net profit jumped one-third to 37.1 billion rupees ($586 million).
RELATED CONTENT
-
VW Warns of Higher Costs to Develop EVs
CEO Herbert Diess says the €20 billion ($23 billion) Volkswagen AG has budgeted to electrify its entire vehicle lineup won’t be enough to meet that goal.
-
On Urban Transport, the Jeep Grand Wagoneer, Lamborghini and more
Why electric pods may be the future of urban transport, the amazing Jeep Grand Wagoneer, Lamborghini is a green pioneer, LMC on capacity utilization, an aluminum study gives the nod to. . .aluminum, and why McLaren is working with TUMI.
-
Tariffs on Autos: “No One Wins”
While talk of tariffs may make the president sound tough and which gives the talking heads on cable something to talk about, the impact of the potential 25 percent tariffs on vehicles imported to the U.S. could have some fairly significant consequences.