Wednesday, April 26 2006 14:50 Hrs (IST) - World Time -

New Delhi: Maruti Udyog Ltd today (Apr 26, 2006) reported a 39.1 per cent increase in net profit for the quarter ended March 31, 2006 at Rs 360.9 crore and announced a 70 per cent dividend.

Total income for the company in the period grew by 8.04 per cent at Rs 3,392 crore.

Maruti also announced that a new export model would be launched during 2008-09.

"This model, while serving the Indian market, would be for export, mainly to Europe," the company said, adding that it will target to export 1,00,000 units of this model annually.

For the fiscal year ended March 31, 2006, Maruti's net profit was up 39.2 per cent at Rs 1,189 crore while total income moved up by 10 per cent to Rs 12,481.4 crore (net of excise).