Posted inAT Financial

Indian carmaker suffers first loss in 17 years

India’s largest carmaker, Maruti Suzuki, suffered losses for the April-June quarter, the first since it became public 17 years ago, because the Covid-19 pandemic and the subsequent lockdown to contain it severely disrupted its operations. It posted a consolidated loss of 2.68 billion rupees (US$ 36 million) as against a profit of 13.76 billion rupees […]