Maruti profit jumps 93pc

India's largest carmaker Maruti Suzuki reported Saturday that its quarterly profit had soared 93 per cent, against the backdrop of a reviving domestic economy. Maruti, majority owned by Japan's Suzuki Motor Corp, reported net profit of 5.7 billion rupees (123 million dollars) in the second financial quarter to September 30. Net sales jumped 47 per cent to 70.5 billion rupees. The car manufacturer attributed the rise to government stimulus measures aimed at reviving a slowing economy that have put more money in the hands of India's increasingly affluent middle class consumers. 'Demand has been driven by government stimulus,' the company said in a statement. It also attributed the rise in sales to aggressive monetary easing by India's central bank that has made consumer loan costs cheaper.