(Reuters) – India’s top carmaker Maruti Suzuki reported a drop in quarterly profit on Tuesday, weighed down by a double whammy of lower sales and rising discounts.
The ‘Brezza’ SUV manufacturer’s standalone profit fell 17% to 30.69 billion rupees ($365.04 million), compared to a 37.17 billion rupees a year before. ($1 = 84.0725 Indian rupees)
(Reporting by Nandan Mandayam in Bengaluru; Editing by Savio D’Souza)
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