Suzuki Motor's Second-Quarter Profit Slides 32%, Hit By India Demand Slump
Suzuki Motor Corp reported on Tuesday a 32% fall in second-quarter operating profit, weighed by a slowdown in domestic output as the automaker improves its inspection processes, and a slump in India, its biggest market.
Highlights
Suzuki Motor Corp reported on Tuesday a 32% fall in second-quarter operating profit, weighed by a slowdown in domestic output as the automaker improves its inspection processes, and a slump in India, its biggest market.
Japan's fourth-largest automaker posted an operating profit of 55.9 billion yen ($513.83 million) for the July-September quarter, down from 82 billion yen a year ago but above a mean forecast for 44.87 billion yen from nine analysts according to Refinitiv data.
Last month, Suzuki cut full-year operating profit forecast by nearly 40% to 200 billion yen, which would be a 4-year low, as it takes a hit from measures to improve its final inspection system for cars sold in Japan, and slowing demand in India.
Stay updated with automotive news and reviews right at your fingertips through carandbike.com's WhatsApp Channel.
Great Deals on Used Cars
View All Used Cars8.0
2016 Maruti Suzuki Wagon R
- 46,324 km
- Petrol
- AMT
Rs. 3.85 Lakh
Car Choice Exclusif Amberhai, New Delhi
8.5
2020 Maruti Suzuki Wagon R
- 35,000 km
- Petrol+CNG
- Manual
Rs. 5.75 Lakh
₹ 12,878/month
Car Choice Exclusif Amberhai, New Delhi
8.7
2023 BMW X3
- 19,000 km
- Diesel
- Automatic
Rs. 64.5 Lakh
Car Choice Exclusif Amberhai, New Delhi
7.7
2019 Mahindra Alturas G4
- 16,178 km
- Diesel
- Automatic
Rs. 23.5 Lakh
Car Choice Exclusif Amberhai, New Delhi
8.9
2021 Hyundai Venue
- 13,870 km
- Petrol
- Manual
Rs. 7.75 Lakh
₹ 16,387/month
INDRAPRASTHA AUTOMOBILES PVT. LTD. New Delhi
8.4
2021 Mahindra XUV700
- 29,070 km
- Diesel
- Manual
Rs. 22.5 Lakh
₹ 50,392/month
INDRAPRASTHA AUTOMOBILES PVT. LTD. New Delhi
8.4
2019 Honda Amaze
- 19,798 km
- Petrol
- Manual
Rs. 5.75 Lakh
₹ 12,878/month
INDRAPRASTHA AUTOMOBILES PVT. LTD. New Delhi
8.8
2022 Maruti Suzuki Brezza
- 5,903 km
- Petrol
- Manual
Rs. 12.5 Lakh
₹ 27,996/month
INDRAPRASTHA AUTOMOBILES PVT. LTD. New Delhi
7.7
2019 Hyundai Creta
- 18,809 km
- Petrol
- Automatic
Rs. 11.95 Lakh
₹ 26,764/month
Car Choice Exclusif Amberhai, New Delhi
8.7
2023 Mahindra Thar
- 26,000 km
- Diesel
- Manual
Rs. 16.75 Lakh
₹ 35,424/month
Car Choice Exclusif Amberhai, New Delhi
Upcoming Cars
Upcoming Bikes
Explore More
Latest News
Related Articles
Trending Vehicles In India
- Home
- News
- Auto Industry
- Suzuki Motor's Second-Quarter Profit Slides 32%, Hit By India Demand Slump