Maruti net profit doubles, first rise in six quarters

Written By Unknown on Jumat, 25 Januari 2013 | 16.02

NEW DELHI (Reuters) - Maruti Suzuki Ltd, India's biggest carmaker by sales volume, said its third quarter profit more than doubled, its first increase in 18 months after a torrid period marked by a strike, plant shutdowns and a demand slowdown.

Maruti, controlled by Japan's Suzuki Motor Corp <7269.T>, said profit for the Oct-Dec quarter was 5.01 billion rupees, up from 2.05 billion rupees in the same quarter of 2011. Sales rose 46 percent to 109.57 billion rupees.

(Reporting by Anurag Kotoky; Editing by Daniel Magnowski)



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