Maruti Suzuki reported a 27% decline in quarterly profit, even as sales rose 26.5% during the period. The company said West Asia headwinds weighed on performance.
The automaker said demand continued to outstrip supply, leaving it with network inventory of about 17 days. It also had pending bookings of approximately 265,000 units.
The update indicates strong consumer demand despite supply constraints. Maruti did not report any change to its booking pipeline in the information provided.
Source / Attribution: The Hindu
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