UPDATE 2-Indian automaker Maruti Suzuki profit falls 34 pct

Newswire

(Adds company comments) By Rina Chandran MUMBAI, April 24 (Reuters) - India's top car maker, Maruti Suzuki India Ltd , posted a surprise 34 percent fall in quarterly net profit as a large depreciation charge outweighed higher sales, knocking its shares lower. Maruti, 54.2 percent owned by Japan's Suzuki Motor Corp , has about half the India car market with models such as the best-selling Alto and Swift hatchbacks. It has been shifting consumers to premium cars such as its SX4 and ...

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