Suzuki lifts full-year net profit outlook on strong India, VW stake sale


Japan's Suzuki Motor Corp on Wednesday lifted its annual net profit forecast by 14%, citing better-than-expected earnings in India and windfalls from the sale of its stake in Volkswagen AG. Japan's fourth-largest automaker said it now expects a net profit of 125 billion yen ($1.03 billion) for the year to March 31, 2016, up from its previous forecast of 110 billion yen.

For the six months to September 30, its net profit jumped 46.5% to 79.05 billion yen as it booked a profit of 36.7 billion yen from the sale of its Volkswagen.....

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