Come September and India's largest carmaker will cease to be Maruti Udyog Ltd. The company steps up its new image campaign with a proposed new name Maruti Suzuki India Ltd.
The news came on the day it posted a fantastic set of numbers for its first quarter. The company stole the show with a Rs 5 billion net profit and sales also beat the street by a mile.
Besides, its the other income figure that is worth noting at Rs 2.23 billion up 55 per cent YoY. Maruti has also benefited as a result of its Yen imports from Japan and the fact that its high margin cars have sold well. Thats cars like the Swift, the Zen Estilo and the new SX4.
The bumper result and the fact that car sales grew 17 % in this quarter could mean that Maruti will now withdraw the discounts and incentives from its dealerships until the festive season next quarter.
The news came on the day it posted a fantastic set of numbers for its first quarter. The company stole the show with a Rs 5 billion net profit and sales also beat the street by a mile.
Besides, its the other income figure that is worth noting at Rs 2.23 billion up 55 per cent YoY. Maruti has also benefited as a result of its Yen imports from Japan and the fact that its high margin cars have sold well. Thats cars like the Swift, the Zen Estilo and the new SX4.
The bumper result and the fact that car sales grew 17 % in this quarter could mean that Maruti will now withdraw the discounts and incentives from its dealerships until the festive season next quarter.
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