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Suzuki Motor's second-quarter profit falls 32%, hit by demand slump in India

File photo Photograph:( Reuters )

Reuters Tokyo, Japan Nov 05, 2019, 01.00 PM (IST)

Suzuki Motor Corp reported on Tuesday a 32% fall in second-quarter operating profit, weighed by a slowdown in domestic output as the automaker improves its inspection processes, and a slump in India, its biggest market.

Japan's fourth-largest automaker posted an operating profit of 55.9 billion yen ($513.83 million) for the July-September quarter, down from 82 billion yen a year ago but above a mean forecast for 44.87 billion yen from nine analysts according to Refinitiv data.

Last month, Suzuki cut full-year operating profit forecast by nearly 40% to 200 billion yen, which would be a 4-year low, as it takes a hit from measures to improve its final inspection system for cars sold in Japan, and slowing demand in India.

Story highlights

Suzuki posted an operating profit of 55.9 billion yen ($513.83 million) for the July-September quarter, down from 82 billion yen a year ago.