Marking Maruti Udyog Limited’s (MUL) tenth consecutive quarter of profits, India’s largest car manufacturer has recorded a 43% surge in net profits for the quarter ending September 2005, at Rs.2.63 billion. Last year’s figures for the same period were Rs.1.84 billion. The robust growth has been attributed to sale of 150,543 units in the quarter, including exports of 11,880 units. However, operating profit margins for the company were lower than expectations, mainly due to the royalty payment of its new model, Swift. In addition to the three Maruti driving schools operating in the country, MUL has announced plans to set up fifteen more such schools across India. Undoubtedly, here’s wishing Maruti a ‘Swift’ drive ahead.
For More IIPM Editorial Article, Click here
For More IIPM Editorial Article, Click here
Source: IIPM Editorial, 2006
