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Maruti Suzuki gains on benefits from weaker yen

Reports suggest that Maruti Suzuki is looking to enter the small pick-up truck segment

Reuters  |  Mumbai 

Maruti Suzuki shares gain 0.75% on bets a steep depreciation in the yen will boost earnings by reducing the costs of imports from Japan.

Since hitting a low of 1.3838 on July 25, the INR/JPY has risen to the current level of 1.5314.

Traders also cite a report in a business newspaper that Maruti Suzuki is looking to enter the small pick-up truck segment.

A spokesman for Maruti Suzuki declines to comment on the company's future product plans when contacted by Reuters.


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First Published: Thu, December 20 2012. 13:58 IST