A Suzuki Swift is seen at the company's factory in Esztergom
Suzuki Motor Corp, Japan's fourth-largest automaker, posted a 31% rise in quarterly profit on Monday on brisk sales in Asia, but stuck to its conservative forecasts as competition intensifies in the key Indian market.
Suzuki has enjoyed robust earnings growth compared with most domestic rivals thanks to its limited exposure to the stronger yen and heavy weighting in India, where majority-held unit Maruti Suzuki India Ltd sells every other car.
But falling margins in India due to rising raw materials prices and slowing growth in the country's car market have weighed on Suzuki's shares, which have been the worst performer among Japanese auto stocks in the past three months.
Images by Reuters