₹440 crore for the quarter ending June 30 due to the low base effect in the corresponding quarter when the company’s production and sales were impacted due to the stringent nationwide lockdown imposed to contain Covid pandemic.
The company reported an unprecedented net loss of ₹249.4 crore in the year ago period. The New Delhi based car maker’s performance dropped sharply on a sequential basis due to the explosive growth in cases of Covid-19 infections as part of the second wave.
Maruti had to stop production operations and its dealerships also remained shut for the better part of the quarter as states imposed strict lockdowns.