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India's Exide to raise replacement auto battery prices

Source : REUTERS
Last Updated: Fri, Feb 08, 2013 07:20 hrs

MUMBAI, Feb 8 (Reuters) - India's Exide Industries Ltd will raise prices for replacement auto batteries by 5-6 percent due to rising input costs, a company source with direct knowledge of the matter told Reuters on Friday.

The prices are meant to offset higher lead prices, said the company source.

Shares of Exide Industries were up 3.9 percent at 0717 GMT.

(Reporting by Abhishek Vishnoi; Editing by Rafael Nam)

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