Maruti Suzuki’s Net Income Gains on India Car Demand
Jul 23,2009
Maruti Suzuki India Ltd., maker of half the cars sold in the country, unexpectedly posted a 25 percent increase in first-quarter net income on demand for its new hatchbacks and record exports.
Maruti Suzuki India Limited, on Friday, introduced a brand new version of its popular high end SUV — Grand Vitara. The new Grand Vitara 2.4 comes reloaded with a 2.4 litre VVT (variable valve timing) engine that delivers a maximum power of 163.5 bhp @ 6,000 rpm and a torque of 225 NM @ 4,000 rpm.
Domestic car majors Maruti Suzuki and Hyundai Motors managed to better their overall sales last month, thanks to a major boost from the export markets of Europe, where a majority of customers have started preferring smaller and more fuel-efficient cars.