UPDATE 1-Indian automaker Maruti profit rises, shares jump

Newswire

(Adds detail, share price) MUMBAI, July 26 (Reuters) - India's largest car maker, Maruti Udyog Ltd. on Thursday reported a higher-than-expected 35 percent rise in quarterly net profit, boosting its shares by nearly 6 percent to a six-month high. Maruti, which has nearly half the Indian market with models such as the Alto and the Swift hatchback, has been trying to shift consumers to more expensive vehicles including its new SX4 sedan, which deliver higher margins. That, coupled with ...

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