MARUTI SLIDES DOWN

India’s largest car maker Maruti Suzuki has posted a net profit of Rs. 214 crore for the third quarter that ended in December 2008. This is about 54% lesser than that recorded by the car maker during the same period in the fiscal year 2007. It had recorded a net profit of Rs. 467 crore then. The main reason for this dip in the net profit is the rise in material costs, Overstock outlet coupon codes lower volumes and of course, the currency changes in the fiscal year. One of the main players is the economic slowdown that has hit the country. The company’s total income has also gone down slightly this year when compared to its income during the same period in the previous fiscal.