The Board of Directors of Maruti Suzuki India Limited approved the financial results for the third quarter of 2011-12 (October- December 2011). Q3: Oct-Dec (2011-12 Vs 2010-11) The Company registered Net Sales (net of excise) of Rs. 76,63.6 crore, a decline of 17.4 per cent over same period in the previous year.Net Profit during the quarter stood at Rs 2,05.6 crore, a fall of 63.6 per cent. During the Quarter, the Company sold 211, 803 units in the domestic market as compared to 299, 527 units same period previous year.. In exports, the Company sold 27, 725 units against 31,160 units in the previous year. Unit sales in the Quarter were impacted by sluggish market conditions caused by higher fuel prices and interest rates. Additionally, the Company lost around 40,000 units in production due to the industrial relations problem at Manesar. The depreciation of the Rupee during the Quarter adversely impacted the bottom-line through higher cost of imports for the Company an its vendors and royalty.
Maruti Suzuki India has announced the introduction of ‘Quickstop’, a compact, prefabricated service touchpoint designed for rapid deployment and minimal space usage.
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