Maruti Suzuki drives into 2017 with huge profit

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A name synonymous with the Indian automobile industry, Maruti Suzuki drove into 2017 on the back of excellent profits for the last quarter of 2016. The profit for the quarter ending December 2016 saw a 47.46% jump over the same period in 2015, pushing the company’s net profit to Rs.1,744.5 crore for the year. The income of the company stood at Rs.19,791 crore, an increase of Rs.2,834 crores from the previous year. A total of 3.57 lakh new Maruti Suzuki vehicles hit our roads in the quarter, with an additional 30,000 units being exported.

Bright start to 2017

The year 2017 has begun on a good note for the company, with the new Ignis garnering rave reviews. Maruti Suzuki has received over 10,000 bookings for the car in the first week itself, with the demand translating into a 3 month waiting period for some variants. The year could see Maruti Suzuki strengthen its position in the market, with a number of new launches including a petrol version of the Brezza, the new Wagon R MPV, the Baleno RS, and many more expected to hit our roads this year.

The Swift continued to be popular in 2016, with a new variant expected soon.
The Swift continued to be popular in 2016, with a new variant expected soon.

Maruti Suzuki numbers since 2010

The number of cars on our roads has increased exponentially in the last few years, with Maruti Suzuki leading the pack. The company sold 14.29 lakh vehicles in the FY 2015-2016, registering growth each year. Have a look at how the company has performed since 2010.

Year Cars exported Cars sold in India Total number of cars sold
2010-2011 1,28,266 11,32,739 12,71,005
2011-2012 1,27,379 10,06,316 11,33,695
2012-2013 1,20,388 10,51,046 11,71,434
2013-2014 1,01,352 10,53,689 11,66,041
2014-2015 1,21,713 11,70,702 12,92,415
2015-2016 1,23,897 13,05,351 14,29,248

 

With competition in the Indian automobile sector increasing, Maruti Suzuki has managed to hold onto the top spot, continuing to win hearts on the back of strong after-sales support and value for money.

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