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Maruti Suzuki gains after price hike for select models

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Capital Market

Maruti Suzuki India advanced 0.27% to Rs 7162.70 after the car major on Monday, 27 January, announced a price change for select models owing to increase in input costs.

The stock has traded in the range of Rs 7131.35 and Rs 7218.15 so far during the day.

The auto maker said that the price change varies across models and ranges from 0% to 4.7% (ex-showroom - Delhi). The new prices are effective from 27 January 2020.

Maruti Suzuki India will announce Q3 results later today.

The company's consolidated net profit fell 39% to Rs 1,390.60 crore on 25.2% decline in net sales to Rs 16,123.20 crore in Q2 September 2019 over Q2 September 2018.

 

Maruti Suzuki India is engaged in the manufacture, purchase and sale of motor vehicles, components and spare parts (automobiles).

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First Published: Jan 28 2020 | 10:23 AM IST

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