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Maruti, Tata Motors rise on price hike hopes

Source : REUTERS
Last Updated: Fri, Dec 07, 2012 08:02 hrs
Sensex drops 0.7 pct; banks down ahead of GDP data

Shares in Maruti Suzuki gain 3.4 percent on media reports of price hike in January.

Among other auto gainers, Tata Motors rises 2.1 percent while Mahindra and Mahindra gains 2.1 percent.

Dealers say January may see a lot of auto manufactures going for price hike after December inventory gets sold off.

General Motors Co's Indian unit said on Thursday it will increase car prices in the country by 1-3 percent from January due to high input costs and currency fluctuation.

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  Cities   Price (10g)
  Chennai   Rs. 24500.00 (-0.33%)
  Mumbai   Rs. 25480.00 (-0.08%)
  Delhi   Rs. 25200.00 (0%)
  Kolkata   Rs. 25000.00 (0%)
  Kerala   Rs. 24400.00 (-0.41%)
  Bangalore   Rs. 24450.00 (0%)
  Hyderabad   Rs. 24580.00 (0%)
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