Maruti Suzuki boosted net profit for its first fiscal quarter 49% to INR6,316m, citing cost reduction, favourable foreign exchange rates and a benefit from merging Suzuki Powertrain India last fiscal year.
Sales fell 5.1% to INR99,951m in line with India’s overall market and the company said it maintained market share.
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Favorable foreign exchange rates during the quarter helped improve exports, it added without detail.
