India's Maruti Q3 profit jumps on strong car sales

Newswire

NEW DELHI, Jan 24 (Reuters) - India's biggest car maker, Maruti Udyog Ltd., reported a 71 percent jump in quarterly profit on Monday as cost cuts and strong vehicle sales in Asia's fourth-largest economy offset rising raw materials prices. Maruti , 54.2-percent-owned by Japan's Suzuki Motor Corp. , said net profit rose to 2.4 billion rupees ($54.9 million) in the fiscal third quarter to ecember 31, from 1.41 billion rupees a year earlier. The median of a Reuters poll of nine brokerage ...

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