The new spends on R&D will take a toll on Suzuki’s earnings (and of Maruti Suzuki, to an extent) for the financial year ending 31 March 2019. The new spends on R&D will take a toll on Suzuki’s earnings (and of Maruti Suzuki to an extent) for the financial year ending 31 March 2019. In FY18, Suzuki’s net sales grew by 18% to 3757.2 billion yen, while operating profit jumped by 40% to 374.2 billion yen. The company would also invest in developing electric vehicles and related infrastructure like charging stations and making other components of electric vehicles. Bhargava, chairman, Maruti Suzuki, said.

Source: Mint May 13, 2018 14:37 UTC