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Auto firms' cash reserves zoom to Rs 46,000 crore on rising profit

Five companies have improved their cash and cash reserves by 23% in the first half of 2016-17

Ajay Modi  |  New Delhi 

The country’s top five auto companies, including Maruti Suzuki, Bajaj Auto and Hero MotoCorp, are sitting on a large cash reserve of Rs 46,000 crore, thanks to increasing profitability.

The five companies have improved their cash and cash reserves (including current investments) by 23 per cent in the first six months of 2016-17, taking the reserves in most of them to a new high. Maruti Suzuki, the country’s largest carmaker, has a cash reserve and investment of Rs 23,800 crore as of September 30, Rs 4,600 crore more than it had on March 31, 2016, making it an increase of ...

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First Published: Mon, December 26 2016. 09:14 IST