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Suzuki lifts annual profit outlook on robust India and Europe sales

It had previously forecast a profit decline of 7.8% - an estimate that was in line with analysts' predictions

Reuters  |  Tokyo 

Japan's Suzuki Motor Corp raised its annual operating profit forecast on Friday in a surprise move, as quarterly results beat estimates thanks to strong vehicle sales in India and Europe. The automaker dominates the Indian market, its largest, through its majority stake in Maruti Suzuki India Ltd and the results come on the heels of a report that the Japanese automaker will invest in a second production line at a new plant in the country. The maker of the Swift subcompact hatchback now sees operating profit climbing 2.4% to 200 billion yen ($1.9 billion) in the year to ...

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First Published: Fri, November 04 2016. 13:58 IST