Maruti Suzuki Profit Falls 27% as Costs Squeeze Margins
Maruti Suzuki India Ltd. reported net income of 24.1 billion rupees for the three months ended September, down 27%. Rising input costs and a higher share of small-car sales weighed on profitability.
New Delhi, Oct. 27 -- Maruti Suzuki India Ltd. reported lower-than-expected quarterly profit, as rising input costs and a higher share of small car sales weighed on profitability at India's largest carmaker.Net income declined 27% to 24.1 billion rupees ($253 million) for the three months ended Sep…