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PrintEmailOrder ReprintsJanuary 28, 2013 4:53 PM EST
UBS upgraded its ratings on Maruti Suzuki India Ltd(MRTI.NS) to "buy" from "neutral," and raised its price target to 2,000 rupees from 1,500 rupees, noting the weakening Japanese yen over the past three months would boost earnings.
Reuters/Amit Dave/Files
A worker cleans a Maruti Suzuki Swift Dzire car as he is being reflected on a car at the company's stock yard at Sanand in Gujarat October 30, 2012.
Maruti Suzuki is also well positioned to benefit from improvements in petrol car sales, UBS added.
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