Maruti Suzuki India sales rose 45.6% year on year to INR109.57bn (US$2.03bn) for the fiscal third quarter to 31 December 2012 due to higher volumes, favourable model mix and more exports. Net profit rose almost 144% to INR5.01bn.

The growth in net profit was primarily due to higher sales and a good response from the domestic market to new models like the Ertiga and Swift DZire. Cost reductions also boosted Q3 profit.

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During the third quarter, the automaker sold 268,957 units in India, up 27% and exported 32,496 units, up 17.2%.

For the nine months to 31 December, sales rose 27.3% to INR295.56bn and net profit was up 15.8% to INR11.53bn.

Sales in India were up 8.4% to 742,175 units but exports slipped to 85,550 units from 88,469.

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