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Maruti Suzuki Net Beats Estimates After Demand Rebounds

Maruti Suzuki India Ltd. (MSIL), the nation’s biggest carmaker by market share, reported profit that beat analyst estimates as demand for vehicles rebounded amid expectations a new government will spur an economic revival.

Net income at Suzuki Motor Corp. (7269)’s Indian unit rose 21 percent to 7.62 billion rupees ($126 million) in the three months ended June, according to a filing by the New Delhi-based company today. First-quarter profit beat the 7.29 billion-rupee median of 35 analysts’ estimates compiled by Bloomberg.