Car maker Maruti Suzuki India on Wednesday announced that the company has registered a 42 percent increase in net profit for the fourth quarter of the financial year. With this increase, the company’s reserves have increased by Rs 2,671 crore. Maruti Suzuki has said that this has been possible due to good number of vehicles sold and better production. What is the whole news, let us tell you in detail.
Maruti Suzuki gets an edge
The carmaker has earned a net profit of Rs 1,876 crore in January-March of 2021-22. Its net sales increased to Rs 32,060 crore during the fourth quarter, as against Rs 26,749 crore in the same period a year ago. Let us tell you that for the entire 2022-23, MSIL has earned a net profit of Rs 8,211 crore as against Rs 3,879 crore in 2021-22. In the last financial year, the company’s net sales have increased to Rs 1,17,571 crore as against Rs 88,330 crore in 2021-22. At the same time, the company’s shares are trading almost flat at Rs 8,475 on the BSE.
MSIL’s business in India
The vehicle manufacturer sells passenger vehicles as well as commercial vehicles in India. Maruti Suzuki also produces these vehicles in India. Talking about the company’s products available in the country, cars like Baleno, XL6, Ignis, S-Presso, Celerio, Alto, Ertiga, WagonR, Celerio, Swift, Dzire, Ciaz, Eeco and Brezza and commercial ones like Super Carry and Eeco Cargo. Vehicles included.
Recently the company has launched Maruti Suzuki Fronx in the Indian market. Introduced by the company for the first time at the 2023 Auto Expo at the beginning of the year, is currently available among customers. Let us tell you that this SUV car has been designed on the platform of the company’s popular sedan Baleno.
