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Maruti Suzuki India Limited sees pressure on margin and said that it will try to maintain 55% market share. It will offer discount and new offer in the festive season to drive sales.
Maruti Suzuki India's Q1 net profit was down 6.8% at Rs 465 crore versus Rs 499 crore. Its net sales were up 20.4% at Rs 4730 crore versus Rs 3930 crore. Its other income was at Rs 328 crore versus Rs 223 crore. Its OPM was at 9.75% versus 14.62% YoY.
Maruti will launch A-Star in November in India and unveil it at the Paris motor show. The car will be powered by a new K-series engine and will also have a low-weight three-cylinder aluminium next-generation engine. It will also launch Splash, Kizakshi next year.
The company sees credit squeeze and high interest rates as major concerns.
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