Suzuki Swift and Alto helps Maruti improve profits
October 31st, 2005 Leave a comment Visited 91 times, 3 so far today
Suzuki Swift and Alto helps Maruti improve profits
India’s dominating automaker Maruti has reported impressive revenue and profit figures. Most of this improvement is credited to two models, which have seen tremendous response from the market. While Maruti Alto has displaced Maruti 800 to become the largest selling model in the Indian market, Suzuki Swift continues to show impressive sales in the premium compact car segment.
The automaker posted a better-than-expected 42% growth in second-quarter profit. This also happens to be Maruti’s 10th straight quarterly gain. Maruti reported net profits at Rs 262 crores that comes to around Rs 9.09 a share. This is an improvement from Rs 184 crores, or Rs 6.35, a year earlier. The results are for the third quarter of the current year.
Maruti also reported improvement in sales figures to touch Rs 3,150 crores. This is an improvement of around 16% compared to last year. Managing director Jagdish Khattar said that this improvement is mostly due to their introduction of the Suzuki Swift model and positioning of Maruti Alto as the entry level car somewhat replacing the Maruti 800.
Maruti Suzuki has also gained from their efforts to cut costs and improve efficiency. All these factors have helped them improve on profits.
Automotive News, Business News, India, Maruti, Maruti Alto, Maruti Swift, News
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November 4th, 2005 at 5:39 pm
MY 1991 ALTO IS THE BEST CAR I HAVE EVER OWNED.IT IS SO RELIABLE,THE DESIGN BY SUZUKI IS SUPURB.I CAN CARRY MY FAMILY IN COMFORT,I CAN PUT A MOTORMOWER IN IT,I CAN EVEN PUT MY WHEELBARROW IN IT ! ALTO YOU ARE GREAT.
November 5th, 2005 at 8:49 pm
I have got a very old esteem and i am very happy sardar.. its just amazing, still running good..
take care
February 3rd, 2006 at 8:26 pm
from the moment i saw a alto on the road for the first time, i decided this is going to be the car for me. I fulfilled the desire in the month of jan 2006 and i am proud to be the owner of a Maruti Alto.
April 8th, 2006 at 10:28 pm
New improved Maruti – 800 is fantastic. Less maintenace, no head ache. Remember the proverb “Old is gold”. Wah guru it is time tested and proved.
May 7th, 2006 at 11:29 am
Dear sirs:
Iwould like to know some general information about Maruti factory. please send me the useful information .