Maruti Suzuki Q2 profit up 4x to Rs 2,062 cr; logs record quarterly sales

Maruti Suzuki India, the country's biggest car marker, reported a standalone net profit of Rs 2,061.5 crore for the July-September quarter of fiscal 2022-23 (Q2FY23) as sales improved sharply on easing chip shortage. The profit jumped over four-fold, or 333 per cent, from last year's profit of Rs 475.3 crore.  

The company sold a total of 517,395 vehicles during the quarter, the highest ever in any quarter. Sales in the domestic market stood at 454,200 units, while exports were at 63,195 units. Shortage of electronic components impacted production by about 35,000 vehicles in this quarter. 

"The same period previous year