Maruti Suzuki Studies Higher-Than-Anticipated Q3 Revenue On Robust Passenger Automobile Demand

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Maruti offered 465,911 autos within the quarter, up from 430,668 models the identical quarter final yr. (File)

Bengaluru:

Maruti Suzuki India Ltd reported better-than-expected quarterly revenue on Tuesday, because the nation’s largest carmaker benefitted from sturdy demand for its passenger vehicles.

Revenue for Maruti, which has over 40% market share within the nation’s passenger autos phase, got here in at 23.51 billion rupees ($288.53 million) for the quarter ended Dec. 31, in contrast with 10.11 billion rupees a yr in the past.

Analysts on common had anticipated the corporate to report a revenue of 18.81 billion rupees, in keeping with Refinitiv IBES information.

Maruti offered 465,911 autos within the quarter, up from 430,668 models the identical quarter final yr.

(Apart from the headline, this story has not been edited by String Reveals workers and is revealed from a syndicated feed.)

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