MARKET EYE-Carmakers' stocks rise on price hike hopes

Fri Dec 7, 2012 11:15am IST

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A statue of the Ganesh, the deity of prosperity, is carried in a taxi to a place of worship on the first day of the ten-day-long Ganesh Chaturthi festival in Mumbai August 29, 2014. REUTERS/Danish Siddiqui

Ganesh Chaturthi

During Ganesh Chaturthi idols will be taken through the streets in a procession accompanied by dancing and singing, and will be immersed in a river or the sea in accordance with Hindu faith.  Slideshow 

* Shares in Maruti Suzuki India gains 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.
 

 (abhishek.vishnoi@thomsonreuters.com /;
abhishek.vishnoi.reuters.com@reuters.net)
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