Suzuki Motors, the Japan based leading car maker has registered a growth of 5.26 percent in its net income. The surge in income has came as a surprise for some, as the firm had incurred huge losses due to a series of workers strikes at its Indian subsidiary Maruti Suzuki’s Manesar plant. The labor unrest at Manesar plant had resulted in a heavy production loss for the car maker.
In the period of April to September, the net income of Suzuki Motors stood at 32.01 billion yen (about Rs 2,010 crore), as compared to net income of 30.41 billion yen (about Rs 1,910 crore) in the same period last year, as per the data released by the firm.
However, the net sales of the firm have declined to 1.23 trillion yen (about Rs 76,907 crore) from 1.32 trillion yen (about Rs 82,715 crore), accounting for a dip of 6.82 percent.
In a statement issued by the company on the matter, it said, "The domestic economy is somewhat recovering from the stagnation following the Great East Japan Earthquake, but it is exposed to a downward pressure from various factors including the flood in Thailand and a further appreciation of the yen." The statement adds that sales amount (in Asia) decreased by 36.1 billion yen to 427.6 billion yen year-on-year due to decreased sales of Maruti Suzuki India and the exchange rate factor following the Yen appreciation."
