India's SUV boom tests Suzuki's growth outlook

Japanese automaker upgrades forecast as rivals struggle in China, U.S.

20241115N Suzuki

The Fronx sport utility vehicle, launched in India in 2023, was also released in Japan this October. (Photo by Toshihide Takeda)

RYOSUKE HANADA, Nikkei staff writer

TOKYO -- Suzuki Motor stood alone among seven major Japanese automakers in upgrading its full-year profit forecast after the first half as its focus on India paid off. But changing tastes in its most important market cast a shadow over its future growth.

Suzuki said Nov. 8 that it expects net profit to grow 10% to 350 billion yen ($2.3 billion) for the year ending March 2025 -- up 40 billion yen from its previous projection.

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