April-June (fiscal Q1) operating profit at minicar and small SUV specialist Suzuki Motors fell 17% to JPY33.80bn (US$313.1m) while net profit was up 6.9% to JPY26.03bn on revenue up 1.8% to JPY910.4bn.
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Reuters noted that the majority-owned Indian unit, Maruti Suzuki India, reported a better-than-expected 7% fall in first-quarter profit, hit by high input costs, in what is now Suzuki’s biggest market.
In the first quarter, Suzuki sold 617,000 cars, up 8.2%, and 989,000 motorcycles, up 20%.
Production at its plant in Hungary is up 30% this year to a rate of 300,000 units a year, the report added.
Suzuki expects operating profit down 6.3% to JPY140bn and net profit off 0.3% at JPY80bn for the current fiscal year.
