Maruti Suzuki’s Q2 profit jumps 80% on SUV demand

Maruti Suzuki, the country’s top carmaker, reported a higher quarterly profit of 37.17 billion rupees ($446.64 million) due to strong demand for SUVs and lower input costs. Analysts expected a profit of 30.08 billion rupees. The company’s revenue increased by 25% to 355.35 billion rupees, driven by strong sales of utility vehicles, which accounted for 32% of quarterly volumes. The company’s shares rose 2.7% after the results were announced.