Printer Friendly

Suzuki Motor's Indian unit posts strong gain in October sales.

NEW DELHI, Nov. 2 Kyodo

Maruti Suzuki India Ltd., a unit of Japan's Suzuki Motor Corp., said Thursday its new car sales in October jumped 86.6 percent from a year earlier to 96,002 units, in a reaction to weak year-earlier sales affected by a strike.

Sales have remained brisk since September after a sharp drop due to worker violence at its Manesar factory in the northern state of Haryana in July.

If exported units were included, October sales grew 85.5 percent to 103,108 units.

Meanwhile, Nissan Motor Co.'s Indian subsidiary said its October domestic sales slumped roughly 40 percent to 1,862 units.

On Tuesday, Maruti Suzuki President Shinzo Nakanishi said that daily output at the Manesar factory has recovered to the pre-riot level of about 1,700 vehicles per day. The factory was rebooted in late August after it was closed by the riot for about one month.

Nakanishi also said the company lost 77,000 units in production due to the worker violence, adding that it is set to stage a sales promotion in the second half of the 2012 business year.

Maruti Suzuki also said Tuesday that its net profit for the July-September period sank 5.4 percent from a year earlier to 2.2 billion rupees (about 40.92 million dollars or 3.23 billion yen), while sales rose 8.5 percent to 80.7 billion rupees.

For the April-September period, Maruti Suzuki posted a net profit of 6.5 billion rupees, down 17.5 percent, on sales of 185.9 billion rupees, up 18.5 percent.
COPYRIGHT 2012 Kyodo News International, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2012 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Japan Transportation Scan
Article Type:Financial report
Date:Nov 5, 2012
Words:266
Previous Article:Kyodo Industry Brief (Nov. 2) -2-.
Next Article:U.S. new car sales expand 7% in Oct., growth slows.
Topics:

Terms of use | Copyright © 2018 Farlex, Inc. | Feedback | For webmasters