India's Maruti Q2 profit jumps on strong car sales

Newswire

NEW DELHI, Oct 27 (Reuters) - India's biggest car maker, Maruti Udyog Ltd., reported a 48.8 percent jump in quarterly net profit on Wednesday 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 rose to 1.83 billion rupees ($40 million) in the fiscal second quarter to Sept. 30 from 1.23 billion rupees a year earlier. The median of a Reuters poll of 12 brokerage ...

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