Maruti recalls 1,492 Ertiga, Swift, Dzire, A-Star units

Written By Unknown on Rabu, 27 November 2013 | 21.03

Nov 27, 2013, 03.50 PM IST

The company said it will inspect the steering column for 1,492 vehicles - Ertiga: 306 units, Swift: 592 units, Dzire: 581 units and A-Star: 13 units manufactured between October 19, 2013 and 26th October 2013.

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Maruti recalls 1,492 Ertiga, Swift, Dzire, A-Star units

The company said it will inspect the steering column for 1,492 vehicles - Ertiga: 306 units, Swift: 592 units, Dzire: 581 units and A-Star: 13 units manufactured between October 19, 2013 and 26th October 2013.

Like this story, share it with millions of investors on M3

Maruti recalls 1,492 Ertiga, Swift, Dzire, A-Star units

The company said it will inspect the steering column for 1,492 vehicles - Ertiga: 306 units, Swift: 592 units, Dzire: 581 units and A-Star: 13 units manufactured between October 19, 2013 and 26th October 2013.

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The country's largest carmaker Maruti Suzuki India on Wednesday that it will recall 1,492 units of Ertiga, Swift, Dzire and A-Star models produced in October this year to rectify a possible problem with steering column.

The company said it will inspect the steering column for 1,492 vehicles - Ertiga: 306 units, Swift: 592 units, Dzire: 581 units and A-Star: 13 units manufactured between October 19, 2013 and 26th October 2013.

Also Read: Nissan's Ghosn: Auto industry not in crisis

"If the steering column is found defective, the company will replace the steering column free of cost," MSI said in a statement.

The new steering column has been despatched to dealer workshops. This exercise is limited to vehicles within the above specified range and does not pertain to any other vehicle of the company or any of its exports, MSI added. Maruti Suzuki dealers will contact owners of all vehicles in the above range, it said.

The last big recall made by the company was in February 2010 when it recalled about one lakh units of its flagship export model 'A-Star' to replace a faulty fuel pump part.

Automobile companies have been pro-active in recalling vehicles in case of safety issues since industry body SIAM initiated a voluntary recall policy in last July, taking the total recalls to over 3 lakh units.

Recently, General Motor India had recalled 1.14 lakh units of its multi-purpose vehicle Chevrolet Tavera, manufactured between 2005 and 2013, to address emissions and specification issues.

The company had also recalled 4,000 units of the diesel variant of its Sail model to address a potential engine issue.


Maruti Suzuki stock price

On November 27, 2013, Maruti Suzuki India closed at Rs 1657.80, down Rs 5.2, or 0.31 percent. The 52-week high of the share was Rs 1773.45 and the 52-week low was Rs 1217.00.


The company's trailing 12-month (TTM) EPS was at Rs 100.73 per share as per the quarter ended September 2013. The stock's price-to-earnings (P/E) ratio was 16.46. The latest book value of the company is Rs 615.03 per share. At current value, the price-to-book value of the company is 2.70.


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