Maruti reports profit rise as it prepares to launch Suzuki Swift
May 7th, 2005 Leave a comment Visited 51 times, 3 so far today
Maruti profit rise as it prepares to launch Suzuki Swift
While the Indian consumer waits for the upcoming Maruti Suzuki Swift launch, the company Maruti Udyog Ltd. has reported a better-than-expected 65% rise in profits. The reports are for the last quarter and much of it can be attributed to the cost cutting measures taken by the company in the recent days. The company also increased the prices of their models little bit, which also contributed to these growing profit numbers.
The shares of the company rose 4% as a result of this good numbers and touched a seven-week closing high of 433.15 rupees in the Bombay Stock Exchange. Suzuki Motors of the Japan own a majority share in the company and sell some of the largest selling models on road in India today. Maruti 800 has been a crowd favorite for over 2 decades now and now Alto has replaced the aging model to become the number 1 seller in India.
Maruti is often the first choice car for the first time buyer and this makes Maruti the most trusted auto-brand on Indian roads today. Their service network is unmatchable and the new model lineup is exciting to say the least. The company is soon going to launch its recently unveiled model Suzuki Swift in India and the prospective customer is eagerly waiting for it to land in the showrooms.
Jagdish Khattar, Maruti’s managing director spoke to the media about this launch: “The diesel segment is growing and we are not in it yet, so that is hurting, but we will launch diesel engines by end-2006, and are also very bullish about the Swift.â€
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May 13th, 2005 at 4:11 pm
-the very first company in India (PAL & maruti )
-knowing the facts (bpo industry is big boost for todays industry)
-& when it come to transportation its either a family or a luxury car.
Today each and every youth know the meaning of life and they wants to enjoy so that they can give their best to country but the problem is that the system is for/with old and family people.The real zone is with elder peoples and the only break the indian market can do is by introducing car specially designed for youth.(may be take a year or two to gain the doors in market as like padmini or fiatuno)
-sorry about the language used.
May 13th, 2005 at 4:16 pm
-the very first company in India (PAL & maruti )
-knowing the facts (bpo industry is big boost for todays industry)
-& when it come to transportation its either a family or a luxury car.
Today each and every youth know the meaning of life and they wants to enjoy so that they can give their best to country but the problem is that the system is for/with old and family people.The real zone is with elder peoples and the only break the indian market can do is by introducing car specially designed for youth.(may be take a year or two to gain the doors in market as like padmini or fiatuno)
-sorry about the language used.
September 28th, 2005 at 4:20 pm
i purchased swift in june. the car ia awesome