Suzuki Motor beat market expectations with its highest quarterly profits in two years on the back of strong sales in Asia.
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However, the company was cautious about the rest of the year, citing a softer euro and stiffer competition in India where Maruti Suzuki is the market leader.
Suzuki has been able to cope better than most in the financial crisis thanks to a product line heavy on cheaper, small cars and its dominance in India.
Maruti Suzuki has over 50% of the Indian new car market but faces rising competition from Nissan, Toyota and other major brands aiming for a bigger piece of the market with low cost cars.
Senior managing officer Toshihiro Suzuki said the company expected the market to become more competitive in India but that Suzuki would continue to invest in improving its sales and distribution network to stay ahead.
Suzuki reported an operating profit of JPY31.95bn (US$369m) for the April-June quarter, up from JPY6.86bn (US$80m) a year earlier.
First-quarter net profit was JPY15.16bn (US$170m), up from JPY2.14bn (US$20m).
