01-01-1970 12:00 AM | Source: Reuters
Maruti Suzuki India net profit falls 48% in third quarter
BENGALURU - India's top car maker Maruti Suzuki India Ltd posted a 48% fall in third-quarter net profit on Tuesday, as a global chip shortage slowed production and high material costs squeezed margins.
The company reported a profit of 10.11 billion rupees ($135.43 million) for the three months ended Dec. 31, compared with 19.41 billion rupees a year earlier.
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