UPDATE 1-Maruti Q3 net profit beats forecast, shares rise

Newswire

(Adds detail, share price) MUMBAI, Jan 20 (Reuters) - India's leading car maker, Maruti Udyog Ltd., posted on Friday a stronger-than-expected 41 percent rise in quarterly net profit, helped by cost savings and better sales of its higher-priced vehicles. Cheap loans and new model launches have helped vehicle makers post robust sales in the last three years in Asia's third-biggest economy, but a cyclical downturn, higher input costs, tougher anti-pollution rules and a new value-added tax ...

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