Suzuki SX4 S-Cross

Maruti Suzuki reports a 27% growth in net income for October-December 2015

On January 28, Maruti Suzuki, which holds the top share in the Indian automotive market, announced its 2015 October-December financial results.

Maruti Suzuki reported a net sales of 147.677 billion rupees (about 263 billion yen), a 20.4% year-on-year growth and double digit growth over the same period in the previous year, which was 122.631 billion rupees.

Meanwhile, the net profit for October to December 2015 was 10.193 billion rupees (about 180 million yen), up 27.1% compared to the same period last year, which was 8.022 billion rupees.

The auto sales of Maruti Suzuki from October-December reached 374,182 units. In accordance with the number of auto sales last year which were 323,911 units, it increased 15.5% year-on-year. Out of the 374,182 units, Maruti Suzuki sold a total of 342,995 units in India, and exported a total of 31,187 units. The exports increased 8.6% year-on-year.

“Higher sales volume in India, material cost reduction initiatives, and favorable foreign exchange contributed to the October-December 2015 profit,” Maruti Suzuki commented.

(Translated by Aileen Bolo)