By PTI Aug 3, 2020 6:53:58 PM IST (Published)
Suzuki Motor Corp on Monday said its consolidated operating income for the first quarter ended June 30 declined by 61.4 billion yen (97.9 per cent) to 1.3 billion yen, hit by a sales drop in its largest market India which continued to reel under the coronanvirus pandemic.
Suzuki Motor Corp on Monday said its consolidated operating income for the first quarter ended June 30 declined by 61.4 billion yen (97.9 per cent) to 1.3 billion yen, hit by a sales drop in its largest market India which continued to reel under the coronanvirus pandemic.
The company's consolidated net sales decreased by 482.2 billion yen (53.1 per cent) to 425.3 billion yen during the April-June period, Suzuki Motor Corp said in a statement.
"This is owing to the spread of the new coronavirus pandemic, which impacted the plant operations of the company's production sites in countries including Japan, India, Pakistan, and Hungary, as well as sales in countries worldwide," it noted.