MUMBAI - Maruti Udyog Ltd. has returned to profit following a $55 million lost last year, making a small token profit of $11 million in fiscal year ended in March. Wagon R This is a significant achievement as sales (340,000) and turnover ($19 billion) were stagnant and depreciation rose by $5 million. “The turnaround has been achieved because of our focus on three areas: customer, costs and people,” says Jadgish Khattar, Maruti’s managing director. (see related story: How ...
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