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Maruti Suzuki Q2 net up 26.95 pc at Rs 466.50 cr


New Delhi, Oct 29: Country's biggest carmaker Maruti Suzuki India Ltd has recorded a 26.95 per cent jump in its net profit at Rs 466.50 crore for the quarter ended September 30, 2007, as compared to Rs 367.44 crore in the same period a year ago.

The total income of the company also rose from Rs 3,540.89 crore for the quarter ended September 30, 2006 to Rs 4,735.83 crore during September 30, 2007, a company statement said.

The company's domestic sales during Q2 (July-Sept 2007) grew 17.8 per cent over the same period last fiscal. The company sold 1,91,325 vehicles during the quarter, including 15,171 units of exports.

During the first half of this year, Maruti's sales grew by 17.5 per cent in the domestic car market. In the same period, the A2 and A3 car segments grew faster showing a growth rate of 21.9 per cent and 57.7 per cent respectively.


UNI

Maruti Suzuki to hike prices of all models

New Delhi, Jan 31: Country's largest car maker, Maruti Suzuki Ltd is likely to hike prices across all models by Rs 2,000- 12,000. ''This comes in the backdrop of increasing input costs which has been affecting its margin,'' revealed an official source. Maruti Suzuki had released five new models last year, amid increased competition from domestic and foreign car makers. Maruti accounts for around 50 per cent of all passenger car sales in India, where robust demand is predicted to.....
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