Maruti Suzuki posted a lower first-quarter profit on Friday as India’s top carmaker by sales was hurt by higher raw material costs.The Swift manufacturer reported a profit of ₹3,352 crore ($351.44 million) for the quarter ended June 30 compared to ₹3,712 crore a year before.Vehicle sales in India have recovered since New Delhi’s tax cuts last September, but the carmaker was unable to fully shield itself from rising raw material costs.Although the carmaker raised prices during the quarter, higher steel and commodity prices, exacerbated by disruptions linked to the Iran war, continued to pressure margins.Revenue rose 36% to ₹52,456 crore, while expenses increased at a faster pace of 40.5% to ₹49,988 crore, dragged by higher input costs.Published on July 31, 2026
Maruti Suzuki Q1 profit falls to ₹3,352 crore on higher raw material costs
Maruti Suzuki reports a quarterly profit decline due to rising raw material costs, despite increased vehicle sales and revenue growth.
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