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MARKET EYE-Maruti up on receding fears of additional duties
January 18, 2013 / 8:21 AM / 5 years ago

MARKET EYE-Maruti up on receding fears of additional duties

* 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
* "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.

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