Maruti Suzuki's contribution to the sales revenue of its Japanese parent, Suzuki Motor Corp (SMC), jumped to a seven-year high in the first half of 2022-23.
Encouraged by the robust operational performance of the India arm, which contributed 55 per cent to its global unit sales, the parent company has revised its earnings and growth outlook for FY23.
The India subsidiary's contribution to the parent's revenue increased from 30.2 per cent in H1 2021-22 to 39.1 per cent in the first half of 2022-23 (FY23) owing to high sales of vehicles in India and a favourable foreign exchange rate with respect to the rupee.
The Japanese carmaker has raised its global forecast to more than 3 million units as compared to the previous one of 2.7 million in FY23. This, even as the global outlook remains grim.
Denne historien er fra November 09, 2022-utgaven av Business Standard.
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Denne historien er fra November 09, 2022-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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CONSOLATION PRIZES
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Now boarding
Governance premium is set to go up by many notches and banks will be put through the wringer, reports RAGHU MOHAN
