Carmaker Maruti Suzuki Beats Profit Forecast on Higher Sales
- Domestic sales rose 12%, while exports jumped 22% in quarter
- Maruti’s expanding SUV lineup led to record annual sales
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Maruti Suzuki India Ltd., India’s largest carmaker, reported better-than-expected quarterly profit as sports utility vehicles drove an increase in sales.
Net income rose 48% to 38.8 billion rupees ($466 million) in the three months ended March 31 from a year earlier, the unit of Japan’s Suzuki Motor Corp. said in a stock exchange filing Friday. The company slightly exceeded the average analyst forecast of 38.39 billion rupees based on a Bloomberg survey of brokerages.