Maruti Suzuki Q1 Result: Net Profit Down 23%

India’s largest car manufacturer Maruti Suzuki India registered 22.84% down in the Q1 ended June 30. The overall net profit is down to Rs 423.77 crore against last year’s net profit of Rs 549.23 crore in the same period.

Maruti Suzuki India blames the downfall on rupee depreciation and higher overall expenses.

However, the sales of cars during Q1 increased by 27.53% to Rs 10,529.24 crore compare to last year’s Rs 8,256.58 crore in the same period.

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