Mumbai, July 31 -- Maruti Suzuki India, the country's largest passenger vehicle manufacturer, has announced its financial results for Q1 FY2027.

The company reported net sales of INR 499.59 billion, up 36 percent YoY, as compared to INR 366.206 billion for the same period last year. The net profit saw a decline of 10 percent YoY, to INR 33.52 billion, from INR 37.58 billion, on the back rise in material cost due to the ongoing geopolitical situation.

During Q1, the wholesales grew by 29.3 percent YoY, with domestic small car sales seeing 34 percent growth, while SUVs and exports clocked 44.6 percent and 28.6 growth YoY, respectively.

Maruti Suzuki India said its inventory level was at 13 days, despite sales growth on the commissioning ...