Global Shortage News

Maruti Q2 results: Profit takes a massive hit as chip shortages weigh

Maruti Q2 results: Profit takes a massive hit as chip shortages weigh

India’s biggest carmaker Maruti Suzuki reported a standalone net profit of ₹475 crore for the September quarter, down 65% from ₹1,371 crore in the year-ago period.Maruti Suzuki shares were up over 1% at ₹7,402.60 in afternoon trade on NSE. The profit was impacted by adverse commodity prices and lower sales