New Delhi, March 23: The country’s largest car maker Maruti Suzuki India today said it will consider taking different measures after April to protect its margins due to fluctuation of Japanese Yen, post the devastating earthquake and tsunami.
“For this month, we are completely protected. In fact, we are covered till April. Beyond that if Yen continues to appreciate, then we will have to take a call to counter it,” Maruti Suzuki India (MSI) Chief Financial Officer Ajay Seth told PTI.
He said the company’s margins are affected whenever the yen appreciates, while it is beneficial if it depreciates.
After the natural disaster that struck the island nation on March 11, the Japanese currency is quoted at about 81 yen against a US dollar compared to that of about 83 yen earlier, Seth added.
-Agencies