Maruti's US revenue zooms past Suzuki's - Business Standard

For the first time in more than a quarter century, Maruti Suzuki, the Indian subsidiary of Suzuki, posted higher revenues from the US than that of the Japanese car-maker during the last financial year.

Find elastic tapes and related product listing.

Between April 2008 and March 2009, when automobile giants across the globe witnessed a drastic fall in demand, Maruti Suzuki posted a revenue growth of 10 per cent, whereas Suzuki’s North America operation reported a decline of 55 per cent. According to the audited financial results of Maruti, the company’s income in FY09 stood at Rs 23,085 crore as against Rs 10,000-Rs 11,000 crore (¥ 225,601 million) reported by Suzuki’s North America operation. MSIL had reported revenues of Rs 18,000 crore in 2007-08.

Full Story: Maruti's US revenue zooms past Suzuki's - Business Standard