UPDATE 1-India's Maruti Q1 net jumps, shares climb

Newswire

(Adds detail, share price) MUMBAI, July 27 (Reuters) - India's leading car maker, Maruti Udyog Ltd. , posted a better-than-expected 66 percent jump in quarterly net profit as cost savings and strong sales of pricier models outweighed high raw material prices. The result boosted its stock more than 3 percent to a six-week high of 790 rupees in a firm Mumbai market. The passenger vehicle market in Asia's third-biggest economy is forecast to nearly double to 2 million units by 2010, ...

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