UPDATE 1-India Maruti Suzuki Q4 profit slides, shares fall

Newswire

(Adds detail, shares) By Rina Chandran MUMBAI, April 24 (Reuters) - India's biggest car maker, Maruti Suzuki India Ltd , on Thursday reported a surprising 34 percent fall in quarterly net profit as a large depreciation charge offset higher sales, knocking its shares lower. Maruti, 54.2 percent owned by Japan's Suzuki Motor Corp , has about half the car market, with models such as the best-selling Alto and Swift hatchbacks, and has been shifting consumers to more premium cars like the ...

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