Live
- MLA Mekapati Vikram Reddy express confidence in YSRCP coming back to power
- TDP MP Candidate Kesineni Chinni says Sujana's Victory as Turning Point for West Development
- AP has seen a rapid development in YSRCP regime, says YS Jagan
- Plans Underway to Bring IT Companies to Gannavaram, Assures Yarlagadda Venkatarao's Wife Gnaneshwari
- TDP Candidate Vasantha Krishna Prasad Begins Election Campaign in Mylavaram Constituency
- Chaitra Navratri Day 8: Colour of the day, and Significance
- X to Charge New Users for Engaging with Tweets to Combat Spam
- PM preferred JD(S) leaders more than BJP in Mysuru campaign?
- Celebrating Chaitra Navratri Durga Ashtami 2024: Best Wishes and Messages
- Narendra Modi thanks people of Mangaluru, Dakshina Kannada district
Maruti Suzuki India posts first quarterly loss in at least 15 years
Maruti Suzuki India Limited
Highlights
Maruti Suzuki India Ltd posted a quarterly loss for the first time in at least 15 years on Wednesday, as the country's largest automaker's production and sales were hit due to coronavirus lockdowns and supply chain disruptions.
BENGALURU: Maruti Suzuki India Ltd posted a quarterly loss for the first time in at least 15 years on Wednesday, as the country's largest automaker's production and sales were hit due to coronavirus lockdowns and supply chain disruptions.
The New Delhi-headquartered company logged a net loss of Rs 249 crore ($33.30 million) for the three months ended June 30, compared with a profit of Rs 1,436 crore a year ago.
Unit sales at the carmaker dropped 81% to 76,599 vehicles for the quarter ended June 30, from a year earlier, but Maruti said the numbers were not comparable as it had to suspend operations from March 22 when India went into lockdown.
Next Story
ADVERTISEMENT
