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Maruti Suzuki India quarterly profit falls short as promotions rise
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Maruti Suzuki India quarterly profit falls short as promotions rise
Maruti Suzuki India Ltd reported lower-than-expected third-quarter profit on Tuesday as the country's biggest carmaker spent more on promotions during a wider industry slowdown. Net profit rose to 15.65 billion rupees ($220.21 million) for the three months ended Dec. 31, compared with 14.89 billion rupees a year earlier. Maruti sold 437,361 vehicles during the December quarter, up 2% from a year earlier.
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