Maruti Suzuki India’s Net profit in the Q4 stood at Rs.1,219 crore, lower by 28.1% over the same period previous year on account of lower sales volume. Net profit for the fiscal year stood at Rs. 5,650 crore, lower by 24.7% over the same period previous year.

View Photos

In Q4 FY2020, Maruti Suzuki sold a total of 385,025 vehicles, lower by 16%

Maruti Suzuki India’s March-quarter profit fell 28% as poor demand for cars during the period was exacerbated by a nationwide lockdown to halt the spread of the novel coronavirus, hurting sales at the country’s top-selling carmaker.

India’s largest carmaker by market value reported a net profit of ₹ 1291 crore ($171.53 million) for the March quarter, down sharply from ₹ 1796 crore in the same period a year earlier.

Domestic unit sales at the carmaker dropped 16% to 360,428 vehicles for the quarter ended March 31 from a year earlier. Sales in the final month of the quarter were particularly hit as most carmakers had to suspend operations from March 22 due to the country’s lockdown.

(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)


For the latest auto news and reviews, follow CarandBike on Twitter, Facebook, and subscribe to our YouTube channel.

Source Article