MUMBAI Exide Industries Ltd (EXID.NS) will raise prices for replacement auto batteries by 5-6 percent due to rising input costs, a company source with direct knowledge of the matter told Reuters on Friday.
The prices are meant to offset higher lead prices, said the company source.
Shares of Exide Industries were up 3.9 percent at 1:20 p.m.
(Reporting by Abhishek Vishnoi; Editing by Rafael Nam)
Trending On Reuters
Some 30,000 Indian soldiers guarding the border with Bangladesh have a new mandate under Prime Minister Narendra Modi's government this year - stop cattle from crossing illegally into the Muslim-majority neighbour. Full Article
Ex-Goldman director Rajat Gupta fails to void insider trading conviction Full Article