Japanese auto maker Suzuki Motor Corporation (SMC) today reported a nearly three-fold rise in its consolidated net profit for the nine months to December at 42.61 billion yen (over Rs 2,350 crore) on the back of strong sales in Asia. It had posted a net profit of 15.49 billion yen (over Rs 855 crore) in the previous corresponding period.
SMC attributed its healthy results to strong performances in various Asian nations such as India, Pakistan, Indonesia and Thailand. Sales from the region grew by 26.4 per cent to 704.2 billion yen (about Rs 38,900 crore).
SMC said its Indian subsidiary, Maruti Suzuki India Ltd (MSIL), sold 820,000 units during the first nine months, 31.2 per cent more than 625,000 units sold during the corresponding period in 2009.
The Indian two-wheeler unit of SMC, Suzuki Motorcycle India, posted a 58.87 per cent rise in sales at 197,000 units, compared to 124,000 units a year earlier.
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