[Auto] Skoda Auto Volkswagen FY20 net profit drops 20%, revenue falls 11%

[Ryzen2]

Mumbai: Indian arm of the world's largest automaker Volkswagen has posted a 20% drop in its consolidated net profit for 2019-20 as a drop in export volumes and slowing domestic market took a toll on its operational performance.

The consolidated financials are of the merged entity of Skoda Auto Volkswagen India that brought together all the three Indian subsidiaries of the German parent, namely Volkswagen India, Skoda Auto, and Volkswagen Group Sales, its sales and marketing organisation ..
 

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