Maruti’s net profits up 2x in Q1  

The chip shortage resulted in the non-production of about 51,000 vehicles during the June quarter and the company stated that it is doing its best to push the order backlog.

Autocar Pro News Desk By Autocar Pro News Desk calendar 27 Jul 2022 Views icon1624 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp
Maruti’s net profits up 2x in Q1  

 

 



Maruti Suzuki India's  FY23 results have thrown up some interesting numbers. A total of 2,80,000 pending order book due to chip shortage, the highest ever export tally of 69,437 units, and a two-fold jump in consolidated net profit to ₹1,036 crore marked India's leading passenger car maker’s performance for Q1 of FY23

The waiting period for the recently-launched Maruti Brezza currently stood at seven and half months with the new Grand Vitara clocking 15000+ bookings within less than seven days of launch. The mid-size SUV was launched on 20 July, and will be made at Toyota’s Bidadi plant.

MSIL also said that the shortage of electronic components resulted in the non-production of about 51,000 vehicles during the June quarter and the company stated that it is doing its best to push the order backlog.

MSIL in a release stated that sales in the domestic market stood at 3,98,494 units as compared to 3,08,095 units in the domestic market for the last fiscal

On a standalone basis, the company reported a net profit of ₹1,013 crore as against ₹440 crores in the first quarter of 2021-22.Net sales stood at ₹25,286 crore compared with ₹16,799 crore a year ago.

RELATED ARTICLES
Bosch hydrogen engine tech-powered truck to be on Indian roads this year

auther Autocar Pro News Desk calendar18 Apr 2024

The global supplier of technology and services is betting big on both electromobility and hydrogen. While announcing the...

IIT Bombay inaugurates Arun Firodia Research Floor 

auther Autocar Pro News Desk calendar09 Apr 2024

IIT Bombay, one of India’s top technical and research institutions, honours Kinetic Group chairman Dr Arun Firodia, one ...

Maruti Suzuki expands capacity at Manesar plant by additional 100,000 units

auther Autocar Pro News Desk calendar09 Apr 2024

New assembly line at Plant A expands total manufacturing capacity at the Manesar plants to 900,000 units per annum. Alon...