Indian automaker Maruti Q2 net up 27 pct yr/yr

Newswire

NEW DELHI, Oct 29 (Reuters) - India's biggest car maker, Maruti Suzuki Ltd , reported an expected 27 percent rise in quarterly net profit on Monday as efficient new plants and solid sales of its premium cars countered rising interest rates. Maruti, 54.2 percent owned by Japan's Suzuki Motor Corp. , said net profit rose to 4.67 billion rupees ($119 million) in the fiscal second quarter to end-September, from 3.67 billion in the same period a year earlier. That met a forecast of 4.7 ...

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