Maruti Udyog Q1 net up despite higher input costs

Newswire

MUMBAI, July 27 (Reuters) - India's leading car maker, Maruti Udyog Ltd. , posted a better-than expected 66 percent rise in quarterly net profit as cost savings and strong sales of pricier models outweighed high raw material prices. New Delhi-based Maruti, 54.2 percent-owned by Japan's Suzuki Motor Corp. , said net profit rose to 3.7 billion rupees ($79 million) in the fiscal first quarter to June from 2.23 billion rupees a year earlier. The median forecast in a Reuters poll of 10 ...

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