Source : PTI | Maruti Suzuki India reported a 16% rise in consolidated net profit for the third quarter of 2024, ending December 31. The company’s profit increased to INR 3,727 crore, up from INR 3,207 crore during the same period last year. This growth was accompanied by increased revenue, and the company also announced key leadership decisions.
Maruti Suzuki India’s net profit reached INR 3,727 crore in the third quarter. This represents a significant increase compared to the INR 3,207 crore profit reported in the third quarter of the previous year.
The company’s total revenue from operations also saw substantial growth, climbing to INR 38,764 crore in the third quarter. This is a notable increase from the INR 33,513 crore revenue recorded during the same period last year.
Re-appointment of Hisashi Takeuchi
Hisashi Takeuchi’s current term will be extended for an additional three years, starting April 1, 2025, and ending March 31, 2028. He will continue to serve as Managing Director and Chief Executive Officer. “The board also approved the reappointment of Hisashi Takeuchi as Managing Director and Chief Executive Officer of the company for a further period of three years with effect from April 1, 2025, till March 31, 2028,” stated the company.
The company said its board has approved the scheme of amalgamation of Suzuki Motor Gujarat into the auto major.
