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Suzuki Q3 profit falls to lowest in 3 years, hit by slowing India demand

Japan's fourth-largest automaker posted an operating profit of 51.8 billion yen

A man is seen through a compartment board with the logo of Suzuki Motor seen on it at the company's showroom in Tokyo
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A man is seen through a compartment board with the logo of Suzuki Motor seen on it at the company's showroom in Tokyo

Reuters Tokyo
Suzuki Motor Corp reported on Friday an 11 per cent fall in third-quarter operating profit to its lowest in roughly three years as vehicles sales in Japan, Pakistan and Thailand slipped, while demand in India, its biggest market, stayed weak.

Japan's fourth-largest automaker posted an operating profit of 51.8 billion yen ($471.34 million) for the October-December quarter, its lowest since the March 2016 quarter and down from 58 billion yen a year ago.

It was below an average profit forecast of 58.4 billion yen from nine analysts according to Refinitiv data.

Suzuki kept its forecast for full-year operating profit to drop 40% to