India's Maruti Suzuki posts record exports in June

Wednesday, July 1, 2009 at 5:16 AM Posted by Beijing News


India's largest carmaker Maruti Suzuki India, majority-owned by Japan's Suzuki Motor, announced Wednesday record exports in June, led by improved demand across European markets.

India's car makers saw demand for vehicles fall last year due to the global downturn, but lower interest rates and recent stimulus packages from the government have boosted performance.

Maruti's exports surged over 175 percent to 13,336 vehicles, from 4,836 a year earlier.

Including overseas shipments, Maruti's total sales rose 22.6 percent to 75,109 vehicles, from 61,247 a year earlier.

"Sales data showed the highest ever monthly export volume in the company?s history," a statement to the Mumbai stock exchange said on Wednesday.

"Since its first shipment in January 2009, the A-star has led company?s exports," the release said.

Maruti launched the A-star hatchback in November last year.

"The A-star has met overwhelming customer response in European markets like Germany, UK, Netherlands, Spain and France," the statement said.

Maruti Suzuki India reported net profit of 2.43 billion rupees 48 million dollars in the three months to March, from 2.98 billion rupees a year earlier.

Maruti commands the lion's share of the Indian automobile market although its dominance has been reduced with the entry of global car giants in the past decade.







A boy jumps while playing football in a field near Pretoria. AFP/Yasuyoshi Chiba

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