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.
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