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Dubai: Maruti Suzuki India Limited has announced that it has registered net sales of approximately $1,114.5 million during the first quarter of 2008, a growth of 20.9 per cent compared to the same period of the previous year.
Net profit during the first quarter of 2008 was $110 million, while it was $117.5 million during the same period in 2007. However, Suzuki emphasised that the slight difference was mainly due to the additional impact of $14.5 million resulting from the new depreciation policy introduced in Q4 of 2007.
Maruti Suzuki also posted a 13.5 per cent growth in total sales during the first quarter of 2008. Domestic sales grew by 12.1 per cent, led by Swift, Swift DZire and WagonR. The domestic sales volume was 180,093 units.
In the A3 segment (sedans), the company grew faster than the industry and increased its share in the segment to 26.4 per cent in the first quarter of 2008, compared to 21.2 per cent in the first quarter of the previous fiscal year.
Further, the company exported 12,491 units in the first quarter of 2008, against 9,065 units in the first quarter of the previous year, marking a growth of 37.8 per cent.
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