 "Maruti Suzuki")
Automobile majors like Maruti Suzuki, M&M, Bajaj Auto, Eicher and TVS Motor are expected to report a strong double-digit profit growth for the first quarter ended June on the back of strong volume growth (partly helped by last year’s low base) as well as improved margins. Most firms had seen a profit decline or a low single-digit profit growth in Q1 of FY18 owing to the impact of higher commodity prices, compensation to dealers for transition to goods and services tax and low sales volumes.
The country’s top carmaker, Maruti Suzuki, is expected to report a 47 per cent growth
