On October 27, Maruti Suzuki, which holds the top share of the India passenger car market, released its financial statement for the period of July to September, 2016.
According to the figures, there were 175.946B rupees (about 279.5B yen) in sales. This represents 29.5% growth over the same period the previous year.
Net profits were 23.98B rupees (about 37.7B yen). This represents significant 60.2% growth over the previous year.
Maruti Suzukiâ€™s new car sales for July to September totaled 418,470 units. This is up 18.4% from the previous year. Of this total, exports grew 17.9% at 35,440 units.
Maruti Suzuki commented, â€œWe saw an increase in sales but also a high operating rate. Furthermore, a reduction in promotion and marketing costs helped to increase profits, but they were offset by fluctuations in the exchange rate.â€
(Translated by Greg Scott)