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Maruti Suzuki India declines on recalling 69,555 vehicles of old Dzire, Swift and Ritz

01 Oct 2014 Evaluate

Maruti Suzuki India is currently trading at Rs 2988.50, down by 75.85 points or 2.48% from its previous closing of Rs 3064.35 on the BSE.

The scrip opened at Rs 3052.00 and has touched a high and low of Rs 3070.00 and Rs 2974.00 respectively. So far 50981 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 3110.00 on 23-Sep-2014 and a 52 week low of Rs. 1363.60 on 01-Oct-2013.

Last one week high and low of the scrip stood at Rs. 3099.00 and Rs. 2964.00 respectively. The current market cap of the company is Rs. 90276.63 crore.

The promoters holding in the company stood at 56.21% while Institutions and Non-Institutions held 36.04% and 7.75% respectively.

Maruti Suzuki India, the country’s largest car maker, has recalled 69,555 vehicles. It will proactively inspect and repair the wiring harness fitment of 69,555 diesel vehicles (55,938 units of Old Dzire, 12,486 units of Old Swift and 1,131 units of Ritz) manufactured between March 08, 2010 and August 11, 2013. This exercise is limited to vehicles within the above specified range and does not pertain to any other vehicle of the company or its exports. This exercise does not pertain to any other model of the company or its exports.

Maruti Suzuki dealers will contact owners of all the affected vehicles. The Dealer workshop technicians will inspect the wiring harness fitment condition and carry out the necessary repairs, free of cost. The problem was noticed based on feedback monitoring and internal checks by the company. Accordingly proactive action has been initiated in the interest of customers.

Users of Maruti Suzuki diesel cars (Old Dzire, Old Swift and Ritz) can check the company’s website to ascertain if their vehicle is among the above mentioned vehicles. Customers may also contact the nearest dealer workshop to ascertain if their vehicle is among the above vehicles.

Maruti Suzuki India Share Price

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