ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Suzuki posts 96% net profit drop as India car sales plunge

Revenue in Q1 falls by more than half after nationwide lockdown

Suzuki posted a 15 billion yen "coronavirus-related loss" as factories were forced to shut down after their host countries imposed lockdowns. (Photo by Kei Higuchi) 

TOKYO -- Suzuki Motor on Monday said its net profit for the April to June quarter slid 96% from a year earlier to 1.7 billion yen ($16 million), due to poor sales in India.

Revenue fell 53% on the year to 425 billion yen. Sales in Asia excluding Japan, including its key Indian market, fell 76% to 105 billion yen. Its Asia business excluding Japan swung to a 6.7 billion yen operating loss.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more