Maruti Suzuki Registers Record Rs 3,878 Crore Profit in Fourth Quarter, SUV Getting Strong Demand

The country’s largest car maker Maruti Suzuki has achieved record profit in the fourth quarter of the last financial year. The company is getting strong demand for sports utility vehicles (SUVs). Apart from this, its margin has increased due to some reduction in manufacturing cost.

in the January-March quarter maruti suzuki The consolidated net profit of Maruti Suzuki rose 47.8 percent year-on-year to Rs 3,877.8 crore. It was Rs 2,623.6 crore in the same period last year. Its sales grew by 13.4 percent in the fourth quarter. Suzuki Motor Corporation of Japan holds 58.19 percent stake in the company. Maruti Suzuki’s net profit grew by almost 64 percent to Rs 13,209.4 crore in the last financial year. Its sales increased by almost 20 percent.

Maruti Suzuki’s total manufacturing has crossed three crore units. The company started manufacturing in the country in December 1983. It has manufacturing plants in Gurugram and Manesar in Haryana and Hansalpur in Gujarat. company In 1994, Maruti Suzuki manufactured 10 lakh units. After this, in April 2005, it reached the manufacturing of one crore units. Maruti Suzuki has manufactured more than 2.68 crore units in its Haryana plants and more than 32 lakh units in Gujarat. Maruti 800 has played a major role in helping the company achieve this feat. More than 29 lakh units of it have been sold. Maruti Suzuki started exports in 1987.

In the last financial year, Maruti Suzuki sold more than 20 lakh units. This is its highest sales. Other successful models of the company include Alto 800, Alto K10, Swift, Wagon R, Dzire, Omni, Baleno, Eeco, Brezza and Ertiga. Maruti Suzuki is preparing to launch updated versions of Swift and Dzire. The company is getting strong demand in the SUV and MPV segment. Brezza, Fronx and Grand Vitara are its best-selling models. It plans to increase its manufacturing capacity to 40 lakh units in the next few years. For this, two greenfield manufacturing plants are being set up in Haryana and Gujarat.