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August 1, 2014

INDIA: Maruti Q1 net profit up 21%

Maruti Suzuki boosted net profit 20.7% to INR7,623m in the first quarter of fiscal 2014/15.

Maruti Suzuki boosted net profit 20.7% to INR7,623m in the first quarter of fiscal 2014/15.

The automaker cited cost reduction, more locally made parts, volume growth and favourable foreign exchange for the rise.

Unit sales rose 12.6% to 299,894 during the quarter. Sales in India rose 10.3% to 270,643 while exports were up 38.7% to 29,251.

Revenue was up 10.8% to INR110,735m.

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