Suzuki Motor Corp on Monday posted a 98% drop in quarterly operating profit during the first quarter because of plunging car demand in India, its biggest market, where coronavirus infections continue to increase.
TOKYO Suzuki Motor Corp on Monday posted a 98% drop in quarterly operating profit during the first quarter because of plunging car demand in India, its biggest market, where coronavirus infections continue to increase.
Japan’s No. 4 automaker posted an operating profit of 1.3 billion yen ($12.29 million), higher than a consensus forecast for a loss of 38 billion yen drawn from six analysts polled by Refinitiv.
Suzuki declined to offer a forecast for full-year and dividend, citing ongoing uncertainties about the impact of the coronavirus in the coming months.
($1 = 105.8200 yen)
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