| Maruti Suzuki Profit Beats Estimate on Record Car Sales
Chief Executive Officer Shinzo Nakanishi is adding new models and expanding diesel engine capacity as demand shifts to cars that run on the fuel, which is cheaper than gasoline in India. The automaker expects deliveries to rise by as much as 12 percent in the year started in April, Mayank Pareek, Maruti's head of sales, told reporters in New Delhi today. Sales rose 17 percent to 114. The central bank cut its key interest rate this month for the first time since 2009, seeking to bolster an economy the government estimates expanded 6. Maruti's sales in the nine-month period ended Dec. That compares with the 118. 1 billion-rupee median of 43 analysts' estimates compiled by Bloomberg. "Interest rate softening is a positive for the consumer sentiment," Ajay Seth, chief financial officer of Maruti, told reporters. |
Sunday 29 April 2012
Maruti Suzuki Profit Beats Estimate on Record Car Sales
