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AUTOS-INDIA-MARUTI (URGENT)

NEW DELHI, July 26 (Reuters) - India's biggest car maker, Maruti Udyog Ltd, reported a 42 percent jump in quarterly net profit on Monday as robust economic growth and low interest rates boosted vehicle sales in Asia's fourth-largest economy.

Maruti , 54.2 percent owned by Japan's Suzuki Motor Corp , said net profit was 1.71 billion rupees ($36.9 million) in the first quarter to June 30, compared with 1.2 billion rupees a year ago.

A Reuters poll of 10 brokerages earlier this month forecast a median net profit of 1.74 billion rupees and net revenue of 24.89 billion.

Vehicle sales at Maruti, which has a 47 percent share of the domestic market, rose 19 percent in April-June from a year ago, as industry sales boomed helped by a tax cut on cars over 16 months ago and attractive finance schemes.

Its shares have more than tripled from their debut last July but have shed 18.5 percent of their value since April 1, versus a nearly 10 percent drop in the benchmark Bombay index . ($1 = 46.3 rupees)