Suzuki Motor first quarter sales rose 4.8% year on year to JPY675.8bn as volume rose in Asia and Europe.
Home market sales fell 10% to JPY26.8bn (10.0%) as OEM sales dropped.
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Operating income increased 23.7% to JPY44.1bn and net income 10.5% to JPY27bn.
“Sales in India is [sic] at a standstill in the midst of economic slowdown and increase of fuel price [sic],” the automaker said, noting automobile sales rose 3.3% to JPY590.8bn and operating income 19.3% to a Q1 record of JPY44.8bn.
Full fiscal year forecasts were revised up – sales by 8.6% to JPY2,800.0bn, operating income up 14.1% to JPY165.0bn and net income up 24.4% to JPY100.0bn.
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