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Maruti Suzuki gains on benefits from weaker yen

Maruti Suzuki gains on benefits from weaker yen
Reuters Market Eye - Maruti Suzuki(MRTI.NS) shares gained 0.75 percent 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 cited a report in The Economic Times 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.

(Reporting by Manoj Dharra)
Maruti Suzuki gains on benefits from weaker yen

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