Has Maruti Suzuki lost track or is it the whole car industry? livemint.com
Investors were jolted out of their seats on Friday after Maruti Suzuki India Ltd reported a sharp narrowing of operating profit margin to under 10%. The company’s flagging sales volume data had given the impression that the company has hit a rough patch, but with margins also dropping sharply, it now looks like it will be a rocky road to recovery.
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