| || ||Thread Tools||Search this Thread|
|22nd May 2009, 16:39||#1|
Senior - BHPian
Join Date: Jul 2007
Thanked: 1,062 Times
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|
Join Date: Aug 2007
Thanked: 631 Times
Posted here also...
|Thread Tools||Search this Thread|
|Thread||Thread Starter||Forum||Replies||Last Post|
|A record: Maruti's market value is greater than parent Suzuki's!||Tushar||The Indian Car Scene||5||24th July 2015 10:39|
|Hyundai to exit its 'Company Owned & Company Operated' Showroom in New Delhi||mints21||Indian Car Dealerships||5||19th May 2015 19:22|
|2011 i10 Asta A/T - its Korean, its new, its fast, its red, and its coming.||nirupesh||Test-Drives & Initial Ownership Reports||1||8th January 2011 10:45|
|Online Jobs - Earnings from the Internet, anyone?||Veelubai||Shifting gears||89||6th January 2011 22:00|
|Honda India, Parent Company Website?||buzzin_hornets||Shifting gears||6||27th April 2006 12:22|