Reuters Market Eye - Shares in Maruti Suzuki(MRTI.NS) gain 3.4 percent on media reports of price hike in January.
Among other auto gainers, Tata Motors (TAMO.NS) rises 2.1 percent while Mahindra and Mahindra (MAHM.NS) 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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Two years ago India was a "fragile five" economy growing at 5 percent, facing a severe current account deficit and the rupee at record lows as the U.S. Fed Reserve prepared to taper its stimulus programme. Today, two years into the term of RBI Governor Raghuram Rajan, India is set to confidently face the Fed's first rate rise since 2006. Full Article