Q4 auto sales: Maruti reports 5% dip, Hero MotoCorp profit tanks | Editorji
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Q4 auto sales: Maruti reports 5% dip, Hero MotoCorp profit tanks

Apr 27, 2019 13:38 IST

Auto sales in the fourth quarter for firms have remained tepid on subdued demand, higher commodity prices. Automakers like Maruti Suzuki reported a 5% drop in net profit to ₹1,796 crore while its total sales for the quarter also dipped 0.7%. Hero MotoCorp also missed its guidance as its net profit tanked over 24% to ₹730 crore due to weak sales as revenue also fell by 8% year on year.

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