Maruti’s Q1 Profit Swells By 21%, Rises To Rs 762.3 Crores

Maruti is a very well-known brand in India. Major part of the population in the country owns or has owned a Maruti car at one point or the other. The Indian car giant announced its Q1 2014 profit results today that have seen a spectacular growth. They have revealed that the company has had a strong growth of over 21% compared to the same period last year.

The profits expanded to Rs 762.3 crores and has indicated that the slump period in the auto market is over. These are robust outcomes, which are seen due to great dealer and company discounts given to customers in the recent months. Maruti and other car makers should continue to bank in on this and should continue till the coming festive season for stronger Q2.

The company also sold 2,70,643 units of cars during this quarter that is up by 10% when compared to the same period last year.

Image: Zigwheels.com