April 28 (Reuters) - Maruti Suzuki posted a surprise quarterly profit fall on Tuesday as India's top carmaker by sales was hurt by higher raw material costs.
The Swift manufacturer reported a profit of 35.91 billion rupees ($379.97 million) for the quarter ended March 31, down from 38.57 billion rupees a year before, and missing analysts' expectation of 41.38 billion rupees, per data compiled by LSEG.
($1 = 94.5087 Indian rupees)
(Reporting by Kashish Tandon in Bengaluru; Editing by Nivedita Bhattacharjee )
Maruti Suzuki India Ltd is one of the Indian leaders in automotive construction. Net sales break down by activity as follows:
- sale of vehicles (83.6%): personal, commercial and multi-segment vehicles especially commercialized under the brands Maruti 800, Ritz, A star, Swift, DZire, SX4 and Grand Vitara. In 2021/22, the group sold 1,652,653 units including 1,414,277 in India;
- production and sale of diesel engines, components and spare parts (11.3%);
- other (5.1%).
At the end of March 2022, Maruti Suzuki India had 2 production plants in India.
India accounts for 85.9% of net sales.
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