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)
Trending On Reuters
Tata Consultancy Services Ltd, India's largest software services exporter, reported a 14.5 percent rise in quarterly net profit, meeting estimates, helped by a rise in new deals and a push towards digitisation. Read