Maruti's share in Suzuki's sales revenue jumps to a 7-year high

Suzuki holds a 56.37 per cent stake in Maruti Suzuki

Maruti Suzuki’s contribution to the sales revenue of its Japanese parent, Suzuki Motor Corp (SMC), jumped to a seven-year high in the first half of 2022-23.

Encouraged by the robust operational performance of the India arm, which contributed 55 per cent to its global unit sales, the parent company has revised its earnings and growth outlook for FY23.

The India subsidiary’s contribution to the parent’s revenue increased from 30.2 per cent in H1 2021-22 to 39.1 per cent in the first half of 2022-23 (FY23) owing to high sales of vehicles in India and a favourable foreign exchange rate with