UPDATE 1-India Maruti Q1 profit jumps on booming car sales


BOMBAY, July 23 (Reuters) - Maruti Udyog Ltd , India's largest carmaker, said on Wednesday that its quarterly profit jumped nearly 11 times, powered by cost cuts and strong sales in the booming car market. Maruti, majority-owned by Japan's Suzuki Motor Corp , racked up a 47.5 percent jump in April-June vehicle sales from a year earlier. The company, which is persuading India's 290-million middle class to upgrade from motorcycles, was the nation's first stand-alone car company to list ...

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