Maruti Suzuki, India’s largest carmaker, reported an 18% rise in its net sales for the April-June period to Rs 13,078 cr. Total vehicles sold increased by 13.8%.
However, net sales was down sequentially from 13,272 cr.
Net Profit was Rs 11,929 million, a growth of 56.5 per cent year on year.
During the Quarter, higher volumes, cost reduction efforts, lower sales promotion expenses, and favourable foreign exchange helped improve the performance.
The Company sold a total of 341,329 vehicles during the Quarter. Sales in the domestic market stood at 305,694 units, a growth of 13.0 per cent. Exports were at 35,635 units, up 21.8 per cent.