Stocks

Maruti Suzuki stocks down on products recall

PTI Mumbai | Updated on April 07, 2011

Maruti Suzuki fell by over 2 per cent in early trade on the BSE today after the company said it will recall 13,157 units of three diesel-drive models — Dzire, Swift and Ritz.

The scrip slipped by 2.18 per cent to an early low of Rs 1,266.35 on BSE.

Investors offloaded the company’s stock on the National Stock Exchange as well, where it dropped by 2.27 per cent to a low of Rs 1,268.

In an announcement to the stock exchanges after the market close, the company said, “Maruti Suzuki India will inspect the ‘Connecting Rod Bolt’ for 13,157 units of Swift Dzire, Swift and Ritz diesel cars with engines manufactured between November 13, 2010, and December 4, 2010.”

The scrip settled 1.40 per cent lower on BSE at Rs 1,294.65 a piece yesterday.

Published on April 07, 2011

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