UPDATE 1-India's Maruti Q2 net profit at $27.4 mln

Newswire

(Adds quote, details, share price) NEW DELHI, Oct 31 (Reuters) - Maruti Udyog Ltd, India's biggest carmaker, reported an expected 3.1 percent rise in second quarter profit over the preceding three months as a tax cut and low interest rates propelled sales of its cheap, small cars. The automaker, held 54.2 percent by Japan's Suzuki Motor Corp , said net profit rose to 1.24 billion rupees ($27.4 million) in the quarter ended September 30 from 1.2 billion in the preceding three months. ...

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