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Suzuki Motor Corporation on Friday forecast a 1.7 per cent rise in profit for this year, anticipating limited growth due to an expected sales tax rise in Japan and uncertainty in India’s economic outlook.
Japan's fourth-largest automaker expects operating profit of 330 billion yen ($3.01 billion) in the year through March 2020, lower than the 362.2 billion yen average of 22 analyst estimates compiled by Refinitiv.
In the previous financial year, the profit fell 13.3 per cent to 324.4 billion yen from the previous year's record high.
The compact car maker took a hit from a weaker Indian rupee, while costs related to a domestic vehicle recall stemming from improper vehicle inspections also weighed on its bottom line.
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