Maruti Suzuki India Ltd.

BSE: 532500 | NSE: MARUTI
Large Cap | Automobiles - Passenger Cars
14601.55
102.05 (0.70%)
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Maruti Suzuki declines on plan to recall 33,098 vehicles

Date: 11-03-2015

Maruti Suzuki India is currently trading at Rs. 3629.60, down by 18.70 points or 0.51% from its previous closing of Rs. 3648.30 on the BSE.

The scrip opened at Rs. 3636.55 and has touched a high and low of Rs. 3654.25 and Rs. 3620.65 respectively. So far 5121 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 3785.15 on 04-Mar-2015 and a 52 week low of Rs. 1680.00 on 12-Mar-2014.

Last one week high and low of the scrip stood at Rs. 3785.15 and Rs. 3620.65 respectively. The current market cap of the company is Rs. 109866.52 crore.

The promoters holding in the company stood at 56.21% while Institutions and Non-Institutions held 36.86% and 6.94% respectively.

Maruti Suzuki India will proactively inspect and replace the `right hand door latch assembly’ of 33,098 vehicles comprising 19,780 units of Alto 800 and 13,318 units of Alto K10 manufactured between December 08, 2014 and February 18, 2015. The company’s dealers in the domestic market will contact owners of all the affected vehicles. The dealer workshop technicians will inspect the condition and carry out the necessary replacement, free of cost.

The problem was noticed on the basis of internal quality checks undertaken by the company. Accordingly, proactive action has been initiated in the interest of customers. Although it is a rare condition, but in view of customer safety, the company is undertaking replacement of the door latch assembly.

Users of Maruti Suzuki Alto 800 and Alto K10 who purchased their cars on or after December 08, 2014 in the domestic market can check the company’s website to ascertain if their particular vehicle is among the above mentioned vehicles. Customers may also contact the nearest company’s dealer workshop to ascertain if their vehicle is among the above vehicles.