L&T looks overseas to offset weak home market; Q4 net profit falls
India's largest engineering and construction group, will look overseas to offset a weak economy and project bottlenecks at home that led to a bigger-than-expected profit drop. Article | Full Coverage
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Maruti to raise car prices by up to 20,000 rupees
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A worker unloads an A-Star car from a container at a Maruti Suzuki stockyard on the outskirts of Jammu 23, 2012.
Credit: Reuters/Mukesh Gupta/Files
REUTERS - Maruti Suzuki(MRTI.NS) will raise its car prices by up to 20,000 rupees, a company spokesman said, the second hike in four months as India's biggest car manufacturer grapples with rising costs and a weak rupee.
Many carmakers in India, including the local units of General Motors Co (GM.N) and Hyundai Motor Co, have hiked prices in recent months despite a slowdown in car sales, as rising costs threaten margins.
(Reporting by Henry Foy in Mumbai; Editing by Anand Basu)
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