Maruti Suzuki booked good profits again
Published On Jul 24, 2009 01:58 PM By Vikas
India's largest car manufacturer, Maruti Suzuki, is booking good profits again. It's not just sales this time but also lower input costs. Maruti Suzuki, a company that largely depends upon local content, remains unfazed by currency fluctuations or import duty in India.
Profit for the quarter is Rs. 583.54 crore, as compared to Rs. 465.9 crore in the corresponding period last year. It posted total sales of 226,729 units, representing 17.7 per cent growth during the first quarter of 2009-10. One of the stated reasons for higher profits this time is that the customer preferences are moving towards higher end models which mean better profit margins.
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