MARUTI SUZUKI INDIA LTD. - Maruti Suzuki India Ltd reply to clarification sought by the exchange
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| 18 Dec 2014 | |
| The Exchange has sought clarification from Maruti Suzuki India Ltd with respect to news article appearing in The Financial Express on December 16, 2014 titled "Maruti, Hyundai to hike prices in Jan"<BR> <BR>Maruti Suzuki India Ltd replied stating "We would like to clarify that after taking into consideration various factors, the prices of the Company's products are increased /decreased from time to time in the ordinary course of business. It is correct, as stated in the media report, that the Company is contemplating increase in prices of its product(s) owing to various reasons including increase in cost of inputs. However, as evident from the media report, the Company has not taken a final decision in this direction. <BR> <BR>As per clause 36 of the Listing Agreement, all listed companies are required to intimate to the Exchanges all the events, information etc. that have bearing on the operations/ performance of the company which include all price sensitive information, etc.<BR><BR>As the modification(s) in prices takes place in the ordinary course of business, hence, in the best interest of the investors in general, the Company does not specifically report such information to the Exchanges." | |
| View all announcements for MARUTI SUZUKI INDIA LTD. | Source: BSE India |
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