UPDATE 2-India's Maruti Q1 profit up on strong Swift sales

Newswire

(Adds analyst comment, closing share price) By Rina Chandran BOMBAY, July 25 (Reuters) - Top Indian car maker Maruti Udyog Ltd. reported a forecast-beating 32 percent rise in profit as cost cuts and strong demand for its new Swift hatchback offset falling sales of other vehicles and higher raw materials prices. The New Delhi-based auto maker, owned 54.2 percent by Japan's Suzuki Motor Corp. , makes top-selling models such as the mini Maruti 800 and the Alto hatchback. Its cheap, ...

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