MARKET EYE-Maruti up on receding fears of additional duties

Fri Jan 18, 2013 1:48pm IST

Related Topics

Stocks

   

* Maruti Suzuki gains 4 percent on hopes the hike in
diesel prices on Thursday would reduce chances of the government
reducing its subsidy burden by imposing duties on diesel
vehicles, which some investors had feared.
* Although the incremental hikes in diesel prices could
eventually shift consumers towards petrol models, analysts said
in the near-term the measures should not dent sales of diesel
models.
* "Maruti is building up a capacity of additional 3 lakh
(300,000) diesel engines, which will help it to assemble 7 lakh
diesel cars by end of FY14," said Abhishek Gaoshinde, an analyst
tracking the sector at Sunidhi Securities.

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

Banking

REUTERS SHOWCASE

OPEC Oil Talks

OPEC Oil Talks

Saudi, Russia pre-OPEC talks yield no oil output cut  Full Article 

SAARC Summit

SAARC Summit

China looms over SAARC summit in the Himalayas  Full Article 

Microsoft in China

Microsoft in China

Microsoft to pay China $140 million for 'tax evasion'   Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage