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SUZUKI MOTOR CORPORATION

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Suzuki Motor : restarts car production in India halted by oxygen shortage

05/18/2021 | 07:28am EDT

A subsidiary of Suzuki Motor Corp. in India, Maruti Suzuki India Ltd., said Tuesday it has restarted vehicle production halted by a shortage of oxygen amid the coronavirus pandemic and high demand for medical oxygen.

Maruti Suzuki, the top automaker in India, stopped manufacturing at its three plants in India early this month to save oxygen used in welding auto parts as the shortage of medical oxygen for COVID-19 patients became serious in the country.

But the automaker shifted its production method to the one with less oxygen consumed and began to support oxygen processing equipment makers in India in raising output, resuming car production at the plants on Monday.

India has seen the surge of the COVID-19 cases. The total exceeded 25 million on Tuesday, with a record daily death toll of 4,329, according to government figures.

==Kyodo

© Kyodo News International, Inc., source Newswire

Stocks mentioned in the article
ChangeLast1st jan.
MARUTI SUZUKI INDIA LIMITED -0.08% 7293.85 Delayed Quote.-4.58%
SUZUKI MOTOR CORPORATION 3.84% 4539 End-of-day quote.-5.08%
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Financials
Sales 2022 3 576 B 32 358 M 32 358 M
Net income 2022 165 B 1 492 M 1 492 M
Net cash 2022 560 B 5 069 M 5 069 M
P/E ratio 2022 13,4x
Yield 2022 2,18%
Capitalization 2 204 B 20 019 M 19 941 M
EV / Sales 2022 0,46x
EV / Sales 2023 0,40x
Nbr of Employees 68 739
Free-Float 84,1%
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Technical analysis trends SUZUKI MOTOR CORPORATION
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TrendsNeutralNeutralBearish
Income Statement Evolution
Consensus
Sell
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Mean consensus BUY
Number of Analysts 15
Last Close Price 4 539,00 JPY
Average target price 5 689,29 JPY
Spread / Average Target 25,3%
EPS Revisions
Managers and Directors
Toshihiro Suzuki President & Representative Director
Osamu Suzuki Chairman
Osamu Honda Representative Director & Technical Supervisor
Toshiaki Hasuike Director, VP, Head-Production & Technology
Yasuhito Harayama Vice Chairman & Head-Special Mission
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