Maruti sold 465,911 vehicles in the quarter as against 430,668 vehicles in the same quarter last year. (file)
Bengaluru:
Maruti Suzuki India Ltd on Tuesday reported better-than-expected quarterly profit as the country’s largest carmaker benefited from strong demand for its passenger cars.
Maruti, which has over 40% market share in the country’s passenger vehicle segment, reported profit of 23.51 billion rupees ($288.53 million) in the quarter ended December 31, compared with 10.11 billion rupees a year earlier.
Analysts on average had expected the company to report a profit of ₹18.81 billion, according to Refinitiv IBES data.
Maruti sold 465,911 vehicles in the quarter as against 430,668 vehicles in the same quarter last year.
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