Suzuki braces for bumpy road ahead after second-quarter profit tumbles on India market woes
Share:
TOKYO (Reuters) - Suzuki Motor Corp said quarterly profit plunged by almost a third on slumping car demand in India, its biggest market, and Japanese automaker slashed its full-year vehicle sales outlook.After decades of robust growth, India's auto sector has been in a tailspin, hit hard by a liquidity crunch at the country's shadow banks that has squeezed financing for car sales as well as by higher taxes and a weak rural economy."We no longer think that growth in India will be an..