Maruti Suzuki to idle plant as Q4 net falls nearly 10% to Rs

Maruti Suzuki to idle plant as Q4 net falls nearly 10% to Rs1.166 cr


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Maruti Suzuki to idle plant as Q4 net falls nearly 10% to Rs1.166 cr
28 April 2021
Maruti Suzuki Ltd, India’s largest carmaker, has reported a nearly 10 per cent year-on-year fall in its net profit, at Rs1,166 crore, for fiscal fourth quarter ended 31 March 2021, hit by a significant fall in sales volume, arising from the lockdown restrictions.
The declining sales and rising inventories have forced the Japanese carmaker to announce a temporary closure of its plants  in Haryana between 1 and 9 May 2021 to make oxygen available for the healthcare and medical sector.
Maruti Suzuki uses a small amount of oxygen in its factories while relatively much larger quantities are used by the manufacturers of components.

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