April 26 (Punjab Khabarnama) : The net profit of the country’s largest car manufacturing company Maruti Suzuki India jumped by 47.8 percent to Rs 3,877.8 crore in the fourth quarter of the last financial year 2023-24. The company’s profit has increased mainly due to strong sales and favorable prices. The net profit of the automobile company in the same quarter of the financial year 2022-23 was Rs 2,623.6 crore.
Maruti Suzuki said on Friday, “The company sold 20 lakh vehicles in the last financial year, which is the highest till date. The company remained the top exporter for the third consecutive year. Now its contribution to the total passenger vehicle exports from India is 41.8 percent.” Maruti Suzuki shares closed 1.7 per cent lower at Rs 12,687.05 on the BSE.