India's biggest car maker, Maruti Udyog Ltd, said on Wednesday it sold 57,909 vehicles in July, up 25 per cent from 46,408 vehicles sold in the same month last year.
Maruti, 54.2 per cent-owned by Japan's Suzuki Motor Corp, sold 52,839 units in the domestic market, up 18 per cent from 44,653 units a year earlier.
Maruti, which is changing its name to Maruti Suzuki India Ltd., exported 5,070 units, up from 1,755 units last year.
India's largest car maker, Maruti Udyog Ltd on Thursday reported a higher-than-expected 35 per cent rise in quarterly net profit, boosting its shares by nearly 6 per cent to a six-month high.
Maruti, which has nearly half the Indian market with models such as the Alto and the Swift hatchback, has been trying to shift consumers to more expensive vehicles including its new SX4 sedan, which deliver higher margins.
That, coupled with cost cutting, helped offset volatile raw material costs and higher interest rates that are slowing sales.
Maruti, 54.2 per cent owned by Japan's Suzuki Motor Corp, said net profit rose to Rs 4.99 billion ($124 million) in the fiscal first quarter to end-June from Rs 3.70 billion in the same period a year earlier.
Read more in Financial Express
