The profit of Maruti Suzuki, India’s largest car manufacturing company, has increased by 48%. The company has released the results for the fourth quarter (January-March) of the financial year 2023-24 on Friday, April 26. The company said that it has made a profit of Rs 3878 crore in this quarter. The company had earned ₹2,623 crore in the same quarter a year ago. Maruti has sold 21,35,323 vehicles in this financial year. At the same time, profit after tax for the entire financial year has increased by 64% to Rs 13,209 crore. A year ago i.e. in the financial year 2023, it was Rs 8,049 crore. Maruti has announced a dividend of Rs 125 per share to its shareholders. Companies give some part of the profits to their shareholders, it is called dividend. There are 4 reasons for the increase in the company’s profit.. Highest ever annual sales, exports, net sales. The company has achieved its highest ever annual sales, exports, net sales and net profit. Maruti Suzuki sold a total of 21,35,323 vehicles in the entire year. This is a growth of 8.6% compared to a year ago. Sales in the domestic market stood at 1,852,256 units, while Maruti exported 283,067 vehicles. This is a growth of 8.6% compared to a year ago. Exports are expected to cross 3 lakh units in FY 2025. Maruti is confident that its exports will cross 3 lakh units in FY 2025. Maruti has set a target of increasing exports to 8 lakh units by 2030. Maruti has been India’s largest car exporting company for the third consecutive year. Maruti was established under the ownership of the Government of India in 1981. Maruti Suzuki was established as Maruti Industries Limited on 24 February 1981 under the ownership of the Government of India. In 1982, the company formed a joint venture ‘Maruti Suzuki India Limited’ with Suzuki Corporation of Japan. The first budget car for Indians was the Maruti 800 launched in 1983. At an ex-showroom price of Rs 47,500, the company had enabled a large section of the country to buy the car. Maruti Suzuki has sold about 3 crore vehicles in the country in the last 40 years.
