Financial Times FT.com

Suzuki raises forecast on India sales

By Jonathan Soble

Published: November 2 2009 07:35 | Last updated: November 2 2009 10:00

Suzuki Motor, the Japanese small-car and motorcycle specialist, displayed the fruits of its long cultivation of India’s car market on Tuesday as it tripled its net profit forecast on surging sales in the south Asian country.

India’s economy has weathered the turmoil better than most and, thanks to tax incentives, demand for cars has held up especially well. Sales growth accelerated to 21 per cent in September from an already robust 13 per cent between April and August.

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