Maruti Net Rises 23% as India Top Seller Seizes on SUV Boom
- Vitara Brezza model leads more than doubling of SUV sales
- Net income gains despite stronger yen, supplier’s plant fire
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Maruti Suzuki India Ltd.’s profit climbed 23 percent as demand for its Vitara Brezza sport utility vehicle led a more than doubling of sales in India’s fastest-growing segment.
Net income in the quarter through June rose to 14.9 billion rupees ($221 million) from 12.1 billion rupees a year earlier, the New Delhi-based unit of Suzuki Motor Corp. said on Tuesday. Net sales climbed 12 percent to 146.5 billion rupees.