Maruti Suzuki India booked first fiscal quarter sales to 30 June of INR83,199m, up 3.3% year on year. Net profit during the quarter was INR5,492m, up 18%.
“Higher commodity prices and foreign exchange volatility put pressure on margins as compared to the same period previous year, Maruti said. “The market was sluggish, mainly due to a sharp increase in fuel prices and higher interest rates.”
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Unit sales in India grew 3.2% to 250,683. Exports were down to 30,843 units from 40,437 the previous year.
Maruti added 35 dealers in the quarter taking its tally to 968.
