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Maruti Suzuki gains on benefits from weaker yen
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 October 30, 2012.
Credit: Reuters/Amit Dave/Files
Reuters Market Eye - Maruti Suzuki(MRTI.NS) 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.
(Reporting by Manoj Dharra)
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