Maruti Suzuki India Ltd.

Maruti Suzuki, country’s largest passenger carmaker is likely to introduce a second automatic transmission option in its small-car range of seven models. With this initiative, car maker is gearing up for the festival season. The company is launching new-look Ritz hatchback around September, which will offer a 4-speed automatic option aimed at women buyers and senior citizens.

The company has registered a fall of 22.84% in its net profit at Rs 423.77 crore for first quarter ended June 30, 2012 as compared to Rs 549.23 crore for the same quarter in the previous year. However, the total income of the company has increased by 26.07% at Rs 10890.46 crore for Q1FY13 as compared Rs 8638.16 crore for the corresponding quarter previous year.