India’s biggest carmaker Maruti Suzuki, reported a lower-than-expected quarterly profit as rising input costs and supply chain constraints hurt earnings.
Net income was Rs 1,010 crore ($126 million) in the three months ended June 30, compared with a profit of Rs 440 crore a year earlier, the unit of Japan’s Suzuki Motor Corp said in a statement Wednesday. That fell short of the average analyst estimate of Rs 1,570 crore, according to data compiled by Bloomberg.
