India's Maruti Q3 net nearly trebles as sales surge

Newswire

NEW DELHI, Jan 23 (Reuters) - Maruti Udyog Ltd , India's biggest carmaker, reported on Friday profit nearly trebled in the December quarter as sales surged on a consumer spending boom fuelled by economic growth and low interest rates. Maruti, which has seen its share price more than double since it listed last July, said net profit was 1.41 billion rupees ($31 million) in the third fiscal quarter to December 31 compared to 496.8 million a year ago. A Reuters poll of 13 brokerages earlier ...

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