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

by October 27, 2023 0

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...

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