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India's top carmaker Maruti Suzuki posts 9.7% drop in Jan-March profit

April 27 (Reuters) - Maruti Suzuki India Ltd reported a 9.7% drop in fourth-quarter profit on Tuesday, as weak demand for vehicles during the COVID-19 pandemic and higher commodity costs hurt India’s largest carmaker.

The company reported a net profit of 11.66 billion rupees ($156.19 million) for the three months ended March 31, compared with a profit of 12.92 billion rupees a year earlier, according to a regulatory filing here. ($1 = 74.6510 Indian rupees) (Reporting by Chandini Monnappa and Shivani Singh in Bengaluru; Editing by Shounak Dasgupta)

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