UPDATE 1-India's top carmaker 02/03 profit up 40 pct yr/yr

Newswire

(adds quotes, details, background) NEW DELHI, May 21 (Reuters) - India's largest carmaker, Maruti Udyog Ltd, a unit of Japan's Suzuki Motor Corp , reported on Wednesday 2002/03 net profit jumped 40.1 percent from a year ago, helped by productivity gains and cost cutting. The automaker, held 54.2 percent by its Japanese parent and poised for a public issue later this year, said in a statement it posted a net profit of 1.464 billion rupees ($31.3 million) in the past year to March compared ...

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