Question of the Day (19-Jul-20)
Maruti Suzuki (India), for long Suzuki Motor Corp’s (Japan) biggest overseas operation in volume terms, has emerged as the biggest driver of its Japanese parent’s profits. The Indian car maker’s share of Suzuki’s consolidated profit rose to 46% during the year ended March 2009, up from 30% in the previous year. Maruti’s topline is around 13% of the Japanese group’s consolidated revenues. This when major markets, including the US, Europe and most of Asia along with Japan are down, and car sales have plummeted globally.
Which of the following, if true, must have helped Maruti Suzuki (India) to increase its share of Suzuki’s profits?