Auto India, Car India

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“Maruti Udyog Ltd” Country’s one of the largest carmaker Industry has posted Q3 net profit of Rs 467 crore in December as compare to Rs 376.4 crore for the same period a year ago.

Maruti’s sales increased 17% to 2,01,629 units in the quarter of October-December, which has a $6.1 billion market value, fell 1 per cent in the quarter, trailing a 6 per cent gain for the sector index and a 17 per cent climb for the benchmark index.

Maruti is leading in Indian car market with strong sales performance from new premium models like Alto and Swift Hatchback.

“MSI has improved the utilization of resources which has helped absorb inputs cost. There are no big surprises as both profit and top line growths are as per our expectations.

The company will consolidate its position with the launch of the new sedan in March. Though the competition is increasing, other players with their new launches will have to toil to establish themselves and MSI is expected to maintain its leadership position for the next two years”, Angle Broking’s auto analyst Vaishali Jajoo said.