Exports by Indian market leader Maruti Suzuki slupmed 15.8% to 101,352 units in fiscal year 2013/2014 as total sales fell 1.4% to 1,155,041 vehicles.

Home market sales were flat at 1,053,689, growth of just 0.3%.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Despite this, net profit rose 16.3% to INR27.8bn (US$459m).

The company said cost reduction and localisation initiatives, together with favourable foreign exchange, helped improve profit margins despite the tough economic conditions.

The fourth quarter was particularly hard with domestic sales down to 298,596 units compared to 308,871 units in Q4 2012/2013. Exports were down 26.4% to 26,274 units.

Net profit was down 35.46% to INR8bn on sales down 9.5% to INR118.1bn.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The company said lower volumes, higher sales promotion cost and stock compensation for dealers contributed to the Q4 drop.

During the year, Suzuki Powertrain India was merged with Maruti Suzuki and the full impact of the merger was reflected in the full year result, the automaker said.