Suzuki Pips BMW to Become Most Profitable Car Manufacturer Globally, Maruti Largest Contributor
Maruti Suzuki India has contributed the most in the profits of Suzuki Motor Corporation.
Suzuki logo. (Image: AFP Relaxnews)
According to a study by Ernst and Young, BMW’s lower profits can be attributed to ongoing diesel scandals and, more recently, losses from US trade tariffs. However, they still remain the most profitable carmaker for the year as Suzuki went past them only in the last quarter.
German carmaker BMW is no longer the most profitable in the world, a new EY study of second-quarter business shows. Suzuki has taken pole position with a profit margin of 11.8% while BMW has only 11.4%.#Auto #BMW #Suzuki #cars #Automotive #BusinessNews #Germany #Japan #profit— Handelsblatt Global (@HandelsblattGE) August 21, 2018
Meanwhile, Suzuki has seen a strong demand for their vehicles in developing countries such as India. India is one of Suzuki’s primary markets where profits have soared 68 percent year-on-year as of February 2018.
The Japanese automaker's operating profit has also risen to an impressive 374 billion yen (approx. Rs 23,648 crore) and is set to take the title of most profitable outright from BMW.
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