UPDATE 2-India's Maruti Q1 net jumps, shares gain

Newswire

(Adds detail, analyst comments) By Rina Chandran MUMBAI, July 27 (Reuters) - India's leading car maker, Maruti Udyog Ltd. , pushed up quarterly net profit by two-thirds, beating market forecasts, as it increased sales and shaved costs. Its shares rose 4 percent to a six-week high. The passenger vehicle market in Asia's third-biggest economy is forecast to nearly double to 2 million units by 2010, boosted by rising incomes, affordable loans and new product launches. A tax cut earlier ...

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