India's Maruti tops Q3 profit view on strong passenger car demand

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BENGALURU :Maruti Suzuki India Ltd reported better-than-expected quarterly profit on Tuesday, as the country's biggest carmaker benefitted from strong demand for its passenger cars, sending shares up as much as 2.4 per cent.Profit for Maruti, which has over 40 per cent market share in the country's passenger

BENGALURU :Maruti Suzuki India Ltd reported better-than-expected quarterly profit on Tuesday, as the country's biggest carmaker benefitted from strong demand for its passenger cars, sending shares up as much as 2.4 per cent.

Car sales in the country are up nearly 23 per cent this quarter from a year ago, aided by festive demand and improved availability of semiconductors, the Society of Indian Automobile Manufacturers has said.

 

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