Japanese Suzuki Motor giant has reported a 5.26% hike in their net income for the six-month period ended September 30, despite the persisting operational strike in India during the same period. This makes it one of the other success story of the year.
The net sales during the period, however, declined by 6.82% to 1.23 trillion yen (about Rs 76,907 crore) from 1.32 trillion yen (about Rs 82,715 crore), it added.
"The domestic economy is somewhat recovering from the stagnation following the Great East Japan Earthquake, but it is exposed to a downward pressure from various factors including the flood in Thailand and a further appreciation of the yen," the company said. It also said the decreased sales in India had an impact on its net sales. "...sales amount (in Asia) decreased by 36.1 billion yen to 427.6 billion yen year-on-year due to decreased sales of Maruti Suzuki India and the exchange rate factor following the Yen appreciation," it added.
Whilst it is interesting to note that the Maruti Suzuki India had posted 59.81% fall in its net profit at Rs 240.44 crore for the quarter ended September 30, in the global spectrum Suzuki still manages to be a leading brand.
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