Carmaker Maruti Suzuki beats profit forecast on higher sales


FILE PHOTO: A worker adjusts the windscreen wipers of a parked car at a Maruti Suzuki stockyard on the outskirts of the western Indian city of Ahmedabad September 1, 2011. REUTERS/Amit Dave/File Photo

DELHI: Maruti Suzuki India Ltd, India’s largest carmaker, reported better-than-expected quarterly profit as sports utility vehicles drove an increase in sales.

Net income rose 48% to 38.8 billion rupees (US$466mil) in the three months ended March 31 from a year earlier, the unit of Japan’s Suzuki Motor Corp said in a stock exchange filing.

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