Maruti Suzuki India Q2 FY25 results (Jul–Sep 2024) and concall

Maruti Suzuki reported a mixed Q2 FY25, with record PBT but a significant PAT decline due to a one-time tax provision. Domestic volumes were muted, leading to increased discounts and margin pressure, while exports showed healthy growth. The company is optimistic about festive retail sales and continues to expand its network and product portfolio, particularly in CNG and upcoming EVs, with the Kharkhoda plant on track for commissioning by year-end.