Maruti shares rise on receding fears of additional duties
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 models.
"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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