Pace of growth in Suzuki Motor's India earnings from Maruti declines

Royalty, too, is down as a share of revenue and will continue to see a gradual fall in the near future

The pace of growth in Suzuki Motor Corporation’s (SMC) earnings from its prized Indian subsidiary Maruti Suzuki has started slowing down, primarily because of a lower increase in dividend income compared to

previous few years. Royalty share, too, is down and will continue to see a gradual decline in the near future.

Even though the Japanese auto major earned a record Rs 55.75 billion (income in Yen and after tax may vary) in royalty and dividend income from Maruti in FY18, the Y-o-Y growth stood at 9 per cent. In the two preceding years (FY17 and FY16), the growth had