<p>Maruti Suzuki India on Thursday reported a rise in third-quarter profit, as more consumers bought vehicles during the festive season and customers returned to showrooms after lockdowns eased across the country.</p>.<p>Indians typically are seen making big-ticket purchases during the festive season, which was in mid-November.</p>.<p>Maruti, which sells every second car in India, saw demand for small cars as buyers turned to personal mobility in the aftermath of the Covid-19 pandemic.</p>.<p>In the third quarter, domestic unit sales of India's top carmaker rose 13.4 per cent year-on-year to 495,897 vehicles.</p>.<p>Passenger vehicle sales in December surged 13.6 per cent from a year earlier, India's trade body said earlier this month but warned of rising costs.</p>.<p>The pandemic worsened problems for Indian carmakers, who were already witnessing tepid demand and an inventory pile-up. The companies are now also facing a global shortage of microprocessor chips and shipping containers.</p>.<p>Earlier this month, Maruti joined several carmakers in India to raise prices of some car models to tackle the impact of rising raw material costs.</p>.<p>Net profit for the three months ended December 31 came in at Rs 1,941 crore rupees ($265.46 million) for the three months ended December 31, 2020, compared with a profit of Rs 1,565 crore last year.</p>.<p>Analysts on average had expected Maruti to post a profit of Rs 1,879 crore rupees, according to Refinitiv data.</p>.<p>Revenue from operations rose 13.3 per cent to Rs 23,458 crore rupees.</p>
<p>Maruti Suzuki India on Thursday reported a rise in third-quarter profit, as more consumers bought vehicles during the festive season and customers returned to showrooms after lockdowns eased across the country.</p>.<p>Indians typically are seen making big-ticket purchases during the festive season, which was in mid-November.</p>.<p>Maruti, which sells every second car in India, saw demand for small cars as buyers turned to personal mobility in the aftermath of the Covid-19 pandemic.</p>.<p>In the third quarter, domestic unit sales of India's top carmaker rose 13.4 per cent year-on-year to 495,897 vehicles.</p>.<p>Passenger vehicle sales in December surged 13.6 per cent from a year earlier, India's trade body said earlier this month but warned of rising costs.</p>.<p>The pandemic worsened problems for Indian carmakers, who were already witnessing tepid demand and an inventory pile-up. The companies are now also facing a global shortage of microprocessor chips and shipping containers.</p>.<p>Earlier this month, Maruti joined several carmakers in India to raise prices of some car models to tackle the impact of rising raw material costs.</p>.<p>Net profit for the three months ended December 31 came in at Rs 1,941 crore rupees ($265.46 million) for the three months ended December 31, 2020, compared with a profit of Rs 1,565 crore last year.</p>.<p>Analysts on average had expected Maruti to post a profit of Rs 1,879 crore rupees, according to Refinitiv data.</p>.<p>Revenue from operations rose 13.3 per cent to Rs 23,458 crore rupees.</p>