India's Maruti qtr profit up 32 pct, beats f'cast

Newswire

BOMBAY, July 25 (Reuters) -India's top car maker, Maruti Udyog Ltd., reported a 32 percent rise in quarterly profit as cost savings and strong demand for a new model outweighed falling sales of other vehicles and higher raw materials prices. Maruti , 54.2 percent-owned by Japan's Suzuki Motor Corp. , said on Monday net profit rose to 2.26 billion rupees ($52 million) in the fiscal first quarter to June 30, from 1.71 billion rupees a year earlier. That beat a median forecast for net ...

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