Four-wheeler shares gain on hopes of price hike

Reuters Market Eye - Shares of four-wheeler automakers rose on Monday on hopes they would raise prices from January due to rising input costs and rupee depreciation, dealers said.

"Components costs have increased materially due to currency fluctuations, therefore companies will have to pass on the higher prices to protect their margins," said Abhishek Gaoshinde, an analyst who tracks the sector.

Maruti Suzuki rose 3.7 percent, while Mahindra and Mahindra gained 2.3 percent.

(Reporting by Abhishek Vishnoi)