BENGALURU (Reuters) – Maruti Suzuki, India’s top carmaker by sales, posted first-quarter profit above market expectations on Wednesday, helped by increasing demand for its sport utility vehicles (SUV).
The ‘Brezza’ SUV manufacturer’s standalone profit for the April-June quarter grew 47% to 36.5 billion rupees ($436 million), topping analysts’ estimates of 33.20 billion rupees, per LSEG data.
($1 = 83.7234 Indian rupees)
(Reporting by Varun Hebbalalu and Nandan Mandayam in Bengaluru; Editing by Sonia Cheema)
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