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MARKET EYE-Carmakers' stocks rise on price hike hopes
December 7, 2012 / 5:48 AM / 5 years ago

MARKET EYE-Carmakers' stocks rise on price hike hopes

* Shares in Maruti Suzuki India gains 3.4 percent on
media reports of price hike in January.
* Among other auto gainers, Tata Motors rises 2.1
percent while Mahindra and Mahindra gains 2.1 percent.
* Dealers say January may see a lot of auto manufactures going
for price hike after December inventory gets sold off.
* General Motors Co's Indian unit said on Thursday it
will increase car prices in the country by 1-3 percent from
January due to high input costs and currency fluctuation.
 

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

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