Negative
20Serious
Neutral
Optimistic
Positive
- Total News Sources
- 3
- Left
- 1
- Center
- 1
- Right
- 1
- Unrated
- 0
- Last Updated
- 45 days ago
- Bias Distribution
- 33% Center
Maruti Suzuki, India's largest carmaker, reported a substantial increase in net profit for the first quarter of FY25, rising between 46.9% and 48% year-on-year, largely due to cost reduction efforts, favorable commodity prices, and foreign exchange gains. Despite a challenging market impacted by a heatwave and elections, the company boosted sales through significant discounts, which surged 50% from the previous quarter. Maruti Suzuki's total revenue increased by about 10%, while total expenses also rose. The company sold 521,868 vehicles during the quarter, a 4.8% increase from the same period last year. Additionally, Maruti announced plans to launch six new electric vehicle models by 2031 and reported rising sales in the compressed natural gas (CNG) vehicle segment. The company also expanded its manufacturing capacity and initiated a new biogas plant at its Manesar facility.
- Total News Sources
- 3
- Left
- 1
- Center
- 1
- Right
- 1
- Unrated
- 0
- Last Updated
- 45 days ago
- Bias Distribution
- 33% Center
Negative
20Serious
Neutral
Optimistic
Positive
Stay in the know
Get the latest news, exclusive insights, and curated content delivered straight to your inbox.