Maruti Suzuki India Ltd., India’s largest carmaker by market share, posted a lower-than-expected quarterly profit squeezed by higher raw material prices. Shares fell.

Maruti Suzuki , India's top carmaker by volumes, reported a smaller-than-expected third-quarter profit on Wednesday, hurt by higher discounts and a dip in small car sales.

Maruti sold a total of 566,213 vehicles during the quarter, which was up 13% compared to the same period last year. Of these, 466,993 units were sold in the domestic market, up 8.74%. Exports at 99,220 units was up 38% and its highest-ever quarterly export numbers.

Pune: Maruti Suzuki, India’s biggest car maker, on Wednesday reported a 16 per cent year-on-year jump in its consolidated net profit for Q3FY25, reaching Rs 3,726.9 crore, up from Rs

The automobile major reported a double-digit rise in profit figure as sales volume rose 13% in the quarter ending December

Despite strong results, Maruti Suzuki’s stock faced a slight dip, trading at Rs 12,010 on the Bombay Stock Exchange (BSE), down approximately 1.5 per cent from the previous day's close.