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Maruti Suzuki India reports net profit of Rs 1,372 crore in Q2

Maruti Suzuki India reported a small rise in second-quarter profit on Thursday, as the lifting of coronavirus restrictions brought back customers to the carmaker's showrooms and also eased supply chain disruptions. Maruti, which sells every second car in India, faces an uphill task to revive demand as the Covid-19 pandemic takes a heavy toll on automakers globally. The crisis has worsened problems for Indian carmakers, who were already seeing weak demand and an inventory pile up before the pandemic struck. India's largest automaker by market capitalisation reported a net profit of Rs 1,372 crore for the three months ended September 30. The company posted a profit of Rs 1,359 crore a year earlier.

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