Maruti Suzuki lost Rs 249 crore in the June quarter!


Maruti Suzuki India has had this much loss the first time in any quarter after 17 years. The company has a net loss of Rs 268.3 crore in the April-June quarter of 2020-21. This is the first time since the company was listed in July 2003. In the June quarter of 2019-20, Maruti had a total profit of Rs 1,376.8 crore. Please tell that due to Corona infection, the crisis of the economy, which is stuck in a difficult situation, is getting deeper. Many big companies also got stuck in this period. Maruti Suzuki, the country's largest automaker, making better profits so far, has suffered losses for the first time since 2003.

The company has been hit badly due to the halt in production at Maruti Suzuki's plants due to the nationwide lockdown and as a result the company has a net loss of Rs 249.4 crore in the June quarter. The company had a net profit of Rs 1,435.50 crore in the same period last year. For the first time in the last 17 years, the company has incurred losses in any quarter. Last year, the company had a profit of Rs 1436 crore during the April-June quarter. From this perspective, the company's business has been badly affected this year compared to the previous year.

The company said its total sales in the April-June 2020 quarter stood at Rs 3,677.5 crore compared to Rs 18,735.2 crore in the same quarter a year ago. The company sold a total of 76,599 vehicles in this first quarter of the current financial year. Of this, 67,027 vehicles were sold in the domestic market, while 9,572 cars were exported. At the same time last year, the company sold a total of 4,02,594 vehicles. The company said, "This was an unexpected quarter of the company's history due to the global epidemic COVID-19. Adhering to the 'lockdown' implemented by the government, there was no production nor sales in the company's factories for the greater part of this quarter.