Suzuki profit down 46% on slowing demand in India

Suzuki Motor Co. reported a 46.2% decline in operating profit in the first quarter of the year, impacted by the decline in production in Japan at the time, in which the company is improving its control systems and Demand in India is the most important market.

The fourth-largest Japanese automaker reported operating profit of 62.7 billion yen ($ 592 million) over three months between April and June, down from 116.5 billion yen a year ago and below the median forecast of 69.09 billion by eight badysts,.

Suzuki confirmed its operating profit forecast for the full year to 330 billion yen, up 1.7% from March 2019. The company has maintained its forecast of 39; a slight increase in car sales during the year, but admitted that it may have to lower its forecasts over the next few months due to a slowdown in economic growth. And by applying stricter emission rules.