Maruti Suzuki gains on benefits from weaker yen

Source : REUTERS
Last Updated: Thu, Dec 20, 2012 08:02 hrs
A worker cleans a Maruti Suzuki Swift Dzire car as he is being reflected on a car at the company's stock yard at Sanand in Gujarat

Maruti Suzuki shares gain 0.75 percent on bets a steep depreciation in the yen will boost earnings by reducing the costs of imports from Japan.

Since hitting a low of 1.3838 on July 25, the INR/JPY has risen to the current level of 1.5314.

Traders also cite a report in The Economic Times that Maruti Suzuki is looking to enter the small pick-up truck segment.

A spokesman for Maruti Suzuki declines to comment on the company's future product plans when contacted by Reuters.

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