Maruti Suzuki Q2 Profit Rises 60%, Beats Estimates

Maruti Suzuki India Ltd, India's biggest-selling automaker, posted a better than expected 60 per cent surge in second-quarter net profit as demand grew for its compact and utility vehicles. Maruti, controlled by Japan's Suzuki Motor Corp, said on Thursday profit for July-September was Rs 2,398 crore ($358.66 million), up from Rs 1,497 crore in the same period a year prior. Analysts, on average, had expected a profit of Rs 1,792 cro...