Maruti Suzuki sells 517,395 units, posts profit of Rs 2,061 crore in Q2 FY2023
Improved chip supplies, better capacity utilisation, recovery of PV market, cost optimisation strategies, softening of commodity prices and improved margins boost net profit.
10 Jan 2023
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Maruti Suzuki India today announced the financial results for second quarter (July-September 2022) of FY2023 and the numbers point to robust year-on-year growth, albeit the year-ago base was a lower pandemic-impacted one.
The company, which is India’s passenger vehicle market leader with a share of 41% sold a total of 517,395 vehicles during the second quarter, the highest ever in any quarter. Sales in the domestic market, comprising its PVs, the Super Carry LCV and ‘sales to other OEM’ (Toyota Glanza and Toyota Urban Cruiser for Toyota Kirloskar Motor) stood at 454,200 units, which is a 42% YoY increase ...
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