$5 billion cash reserves keep Maruti Suzuki on the road in Q4, FY20, Auto News, ET Auto

Financial income of Rs 3,420 crore of Maruti Suzuki was close to 50% of profit before tax in FY20.
Money cash flow of Rs three,420 crore of Maruti Suzuki was shut to fifty% of revenue prior to tax in FY20.

Mumbai: Close to $five billion of cash reserves came to the rescue of Maruti Suzuki, India’s premier motor vehicle maker, in the fourth quarter of FY20 as passenger vehicle sales declined the most in a long time. The company’s financial cash flow from investments exceeded profits from the main business of earning and offering vehicles.

Money cash flow of Rs three,420 crore was shut to fifty% of revenue prior to tax in FY20. That compares with running revenue (EBIT)

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In era of tight new-car margins, retailers dream up ways to free up cash

Supplied that dealers are relying extra on online initiatives to push organization, acquiring an IT workforce at a dealership group can reduce vendor expenses and come to be an revenue source by providing IT expert services to other dealers or dealer teams.

“One customer essentially owns its individual company that does that, and that company then contracts out with smaller sized dealerships,” Dietrich mentioned. “Not only have they saved the 3rd-occasion expense of choosing their individual vendor, they are essentially masking that expense if not generating a revenue on that service.”

One more dealer group does the exact same with

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