BENGALURU :Maruti Suzuki India Ltd beat quarterly profit estimates and reported improved margins on Tuesday as the country's biggest carmaker benefitted from strong demand for its passenger cars, helped by festive sales.Profit for Maruti, which has over 40 per cent market share in the country's passenger vehi
BENGALURU :Maruti Suzuki India Ltd beat quarterly profit estimates and reported improved margins on Tuesday as the country's biggest carmaker benefitted from strong demand for its passenger cars, helped by festive sales.
Maruti's results are seen as a key indicator of private consumption in the country, with the auto sector carrying more than 50 per cent weightage in calculating the country's economic growth. Maruti, majority owned by Japan's Suzuki Motor Corp, said vehicle sales rose to 465,911 units in the quarter from 430,668 units a year ago.
Carmakers, including Maruti, took a hit during the pandemic when demand dwindled and a shortage of chips further hit their ability to build vehicles.
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India's Maruti tops Q3 profit view on strong passenger car demandBENGALURU :Maruti Suzuki India Ltd reported better-than-expected quarterly profit on Tuesday, as the country's biggest carmaker benefitted from strong demand for its passenger cars, sending shares up as much as 2.4 per cent.Profit for Maruti, which has over 40 per cent market share in the country's passenger
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