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COVID-19 effect: Maruti Suzuki posts first quarterly loss in 17 years

admin2020-07-31premium523
Thecountry'slargestcarmakerMarutiSuzukiIndiaonWednesdayreportedfirsteverquarterlylosss

The country's largest carmaker Maruti Suzuki India on Wednesday reported first ever quarterly loss since becoming public 17 years back with a consolidated net loss of Rs 268.3 crore for the first quarter ended June 30, hit hard by coronavirus pandemic.

The auto major, which got listed way back in July 2003, had posted a consolidated net profit of Rs 1,376.8 crore in the April-June quarter of 2019-20.

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