Japan’s fourth largest automaker Suzuki Motors, has forecast operating profit to fall by a quarter to $1.5 billion in the year to March as sales, in its key Indian market, shrink amid the coronavirus pandemic.
That prediction was more than an average estimate for a 124.3 billion yen compiled from 14 analysts polled by Refinitiv.
Suzuki’s Indian car sales in the first half of the year fell 36% to 432,000 vehicles, and dipped in other markets, including Japan, Indonesia and Europe as many stay away from dealerships.
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