- Maruti Suzuki reports net sales worth Rs 3,677 crore and a net loss of Rs 249 crore
- COVID-19-related lockdowns significantly affected sales, production and finances
Maruti Suzuki has released its financial results for the first quarter of the financial year. During the April-June 2020 (Q1 FY2021) period, the company sold a total of 76,599 vehicles, including 67,027 units in the domestic market and 9,572 units exported.
In terms of financial performance, the company reported net sales worth Rs 3,677 crore, and a net loss of Rs 249 crore. The latter has been partially off-set by lower operating expenses and higher fair-value gain on the invested surplus.
Maruti Suzuki says that due to the global COVID-19 pandemic, Q1 FY2021 was an unprecedented quarter in the brand’s history. A large part of the period had zero production and sales, in compliance with the lockdown…