Maruti's share in parent Suzuki's revenues reached highest ever in Q1FY24

Contribution rose to 39% in Q1FY24 from 35.28% a year ago

Maruti Suzuki’s contribution to the sales revenue of its Japanese parent company, Suzuki Motor Corp (SMC), reached an all-time high in the April-June quarter of 2023-24 (Q1FY24).
 

According to SMC’s results announced on Friday, Maruti’s share in its global revenues rose to 39 per cent in the first quarter, up from 35.38 per cent in the corresponding period of FY23 and 28.7 per cent in Q1FY17.
 

Maruti’s contribution to SMC’s revenues has increased as sales in Indonesia, Pakistan, Thailand, and Europe have underperformed in recent years, mainly due to economic downturns in these key markets.

The Indian economy, on