CARBLOGO

 Country’s largest car maker Maruti Suzuki has forecasted the export figures of the company to dip by 10,000 units in the current financial year. As per a statement given by a senior executive of the company, the ongoing financial crisis in the European market is to be blamed for the slowdown in exports. While speaking to reporters in Hyderabad, Executive Managing Officer (Engineering) at Maruti Suzuki, I V Rao, said that the exports of the company may reach 1.3 lakh units in the current fiscal as compared to 1.4 lakh units dispatched to the overseas markets in last fiscal. According to Mr. Rao, "Majorly, the exports are of A-star car to Europe. Because of the slowdown, the exports to Europe have come down. We have developed new markets like Latin American countries where exports began. Last year exports were at 1.4 lakh units and this year we may be touching 1.3 lakh units." Besides the financial crisis, one more reason behind the dip in exports to the European markets...

Maruti Suzuk i Q1 net profit up 18 pct, beats forecasts Maruti Suzuki Q1 2011- Maruti Suzuk i Q1 net profit up 18 pct, beats forecasts Maruti Suzuki, India's top car maker, on Tuesday posted an 18 percent rise in quarterly net profit, beating forecasts, helped by higher other income. Maruti, 54.2 percent owned by Japan'sSuzuki Motor Corp, reported net profit of 5.49 billion rupees ($124 million) for its fiscal first quarter ended June 30, up from 4.65 billion a year earlier. Market had forecasted a net profit at 4.33 billion rupees for Maruti, which sells roughly half the cars on Indian roads but is facing intensifying competition from the likes of South Korea'sHyundai Motors, the second-largest car maker in India, as well as domestic rivals.