Suzuki Motor Corp Tuesday said it reported a consolidated net profit of ¥40.62 billion for April-December period, a fall of 4.7% from a year ago, the news reports said.

The automobile maker’s net profit fell after the company reported falling sales in India and damage from the strong yen and natural disasters.

In the nine-month period, the automaker also reported a group operating profit of ¥87.71 billion, down 5.1%.

The sales stood at ¥1.80 trillion, down 6.7%. Toshihiro Suzuki, Representative Director and Executive Vice President said the sales in India fell 85,000 units on account of labor disputes  that lingered into late October. 

He also said the rise in gasoline prices and the popularity of diesel vehicles in the country also took a toll on sales.

The automobile maker Suzuki also said looking at the global economy, the business environments in Europe and North America are also harsh. 

The company is aiming for sales proportionate to its size and set the course for a bright future. Meanwhile, for the full business year ending in March, the company has maintained its predictions for a group net profit of ¥50 billion and operating profit of  ¥110 billion.

Suzuki Motor Corp is a Japanese automobile company specializing in manufacturing compact automobiles, full range of motorcycles, outboard marine engines, wheelchairs and other small internal combustion engines.

The statistics of Japan Automobile Manufacturers Association, Suzuki is Japan’s second-largest manufacturer of small cars and trucks.