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Maruti Suzuki's Q2 net profit up 80% at Rs 3,717 crore
![IndiaTimes]()
Friday, 27 October 2023
Maruti Suzuki, India's largest carmaker, reported an 80% increase in net profit for the July-September quarter, reaching Rs 3,717 crore. The growth was attributed to higher sales of SUVs, lower commodity prices, cost-cutting measures, and increased non-operating income. The company emphasized the need for small cars to drive growth in the Indian market, expecting affordability to return in the next few years due to rising income levels and a growing economy.
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