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.

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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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Nominations are now closed for the Just Auto Technology Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.

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