Indian carmaker Maruti Suzuki sold 3.9mn vehicles in Q2 of FY2021 (July-September), up by 16.2pc over the prior-year period supported by demand recovery and gradual improvement in supply conditions, said a company statement. The sales witnessed a whopping 413pc growth over prior quarter.
Of the total sales, exports amounted to 22,511 units, down by 13pc over prior year, while sales in the domestic market amounted to 370,619 units, up by 18.6pc.
In H1 (Apr-Sep), the sales volume, however declined by 37pc to 4.6mn units from 7.40mn units sold in the prior-year period.
The company’s net profit in Q2 rose by 1pc to Rs13.71bn due to mark-to-market gains on the invested surplus and lower tax provision, compared to the prior-year period, said the company.
The company’s EBITDA in Q2 rose by 71.7pc to Rs11.677bn, compared to the preceding year period.