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|22nd May 2009, 16:39||#1|
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Maruti Suzuki robust earnings helps parent company shore its business
According to another exclusive report carried by The Live Mint, Maruti Suzukiís robust earnings have enabled humungous royalty earnings for its parent company- Suzuki Motor Corporation (SMC). Indiaís top car maker, Maruti Suzuki (in which SMC holds 54 per cent), has sold 792,167 cars in the fiscal to 31 March, paid Rs. 685 crore in royalties to Suzuki Motor Corp., 38 per cent more than the Rs. 495 crore it paid a year earlier, reports The Live Mint exclusively. Furthermore, Marutiís share of Suzukiís consolidated profit rose to 46 per cent during the year ended March 2009, up from 30 per cent in the previous year. Marutiís topline is around 13 per cent of the Japanese groupís consolidated revenues, reports Et exclusively. A change in the product mix and newer models contributing more to overall sales had pushed up its royalty payments. Maruti Suzuki launched a new sedan, Swift DZire, and a hatchback, A-Star, in fiscal 2009
Suzuki Motors Company (SMC) had once said its Indian subsidiary, Maruti Suzuki, would play a significant role in its acquisitions and alliances in the global auto sector.
"As a key member of global Suzuki group, Maruti Suzuki will take a significant role in the future," SMC chairman Osamu Suzuki said to a battery of reporters in Tokyo last year.
|22nd May 2009, 17:19||#2|
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