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Maruti net skids 54%; fuel price cut calms St (Express India) |
The slowdown in the auto sector is worsening. India’s largest car manufacturer, Maruti Suzuki, on Thursday announced that its third-quarter net profits had dipped by 54.27% to Rs 213.57 crore, compared with Rs 467.04 crore a year earlier. Second quarter profits had fallen 36.5% y-on-y.
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