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Export Slowdown Weighs on Carmaker Earnings
Maruti Suzuki missed profit expectations as slower exports and one-off costs hit margins, with management warning overseas growth may stay muted despite firm domestic demand.
India’s largest carmaker Maruti Suzuki reported quarterly profit below estimates as export growth slowed and one-time costs weighed. Domestic sales remained resilient, but higher input expenses and currency pressures trimmed margins. Management cautioned that overseas volumes may grow slower in coming quarters amid weak demand and logistics constraints,tempering near term earnings visibility despite steady passenger vehicle demand at home during fiscal outlook period ahead globally.