Nissan overtakes Maruti becomes India’s second biggest car exporter

 Automobiles, India  Comments Off on Nissan overtakes Maruti becomes India’s second biggest car exporter
Apr 282014
 
Nissan overtakes Maruti becomes India’s second biggest car exporter

Nissan overtakes Maruti to become India’s second biggest car exporter, according to new study. India’s biggest carmaker Maruti Suzuki India posted a 35% decline in profit, coming in below expectations, as the effects of a persistent slump and price discounts were worsened by the consequences of a government plan aimed paradoxically at boosting sales. The stock fell over 3% before recouping some losses, perhaps encouraged by the company posting record annual profit. Maruti posted a March quarter profit of 800 crore, down from 1,240 crore […]