Indian passenger car leader Maruti Udyog has reported a 57.4% increase in net profit to INR8.53 billion (€147.17 million).
Go deeper with GlobalData
Fiscal year sales were up 19.7% year on year to INR113.54 billion (€1.96 billion). Profit before tax rose 69.5% to INR 13.04 billion (€224.96 million).
Maruti sold a record 536,301 vehicles, up 13.6%, including exports of 48,899 units.
During the year the Alto became the largest selling car for the company, displacing the smaller 800. The company also began a cost reduction programme by forming joint working groups with its suppliers.
In a separate development, the board of directors of Maruti Udyog extended the tenure of managing director Jagdish Khattar for another three years.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataDeepesh Rathore / Tilak Swarup
