UPDATE 3-Maruti Q4 net beats f'cast; plans new export model

Newswire

(Adds company comments, closing share price) By Rina Chandran MUMBAI, April 26 (Reuters) - India's top car maker, Maruti Udyog Ltd. , posted a better-than-expected 39 percent rise in quarterly net profit as the nation's middle-class bought more cars, boosting its shares almost 7 percent to a near record. Cheap loans and new launches have helped auto makers post robust sales as Asia's third-biggest economy has grown at about 8 percent annually for three years. But a cyclical downturn, ...

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