01-01-1970 12:00 AM | Source: Reuters
India's top carmaker Maruti Suzuki reports first-quarter profit
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BENGALURU - Maruti Suzuki India Ltd reported a profit for the first quarter on Wednesday, as the country's largest carmaker benefited from pandemic-fueled demand for personal vehicles.
The company posted a profit of 4.41 billion rupees ($59.28 million) for the three months ended June 30, compared with a loss of 2.49 billion rupees a year earlier.
The New Delhi-headquartered company reported a first-quarter loss a year ago due to COVID-19 curbs that brought economic activity to a virtual standstill.
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