You are here: Home » Companies » News » Automobile
Business Standard

Strong India sales help Suzuki Motor post 68% rise in Q3 profit

Suzuki, which makes the Baleno compact hatchback and the Vitara Brezza compact SUV, said global automobile sales rose 9.3 percent in October-December, as demand continued to rise in India, Europe and

Reuters  |  Tokyo 

Japan's Suzuki Motor Corp on Monday announced a 68 percent jump in operating profit in the third quarter due to ongoing growth in automobile and motorcycle sales in India, its biggest market, as well as in Europe and at home. Operating profit at Japan's No. 4 automaker came in at 86.9 billion yen ($790.36 million) in October-December, jumping from 51.85 billion yen a year earlier and exceeding a median forecast of 77.49 billion yen from nine analysts polled by Thomson Reuters. Suzuki kept its forecast for full-year operating profit to 300 billion yen, up 33.3 percent on ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Mon, February 05 2018. 13:31 IST