The recall will cover cars manufactured between 2008 to 2012 that use safety airbags made by its supplier Takata.
Japanese auto major Nissan is recalling 9,000 units of its compact car Micra and mid-sized sedan Sunny in India to replace defective airbags as part of a global recall.
The recall will cover cars manufactured between 2008 to 2012 that use safety airbags made by its supplier Takata.
"Nissan plans to begin notifying customers soon. Nissan dealers will replace the driver airbag inflator with a correctly manufactured part at no cost to the customers for parts or labour," a Nissan India spokesperson said.
The global recall of 2,60,000 units by the Japanese auto major affects models, including Note, March/Micra, Sunny/Almera/Versa, Patrol and Cube. These are affected by a driver airbag concern that Takata reported to Nissan, the company said.
Ever since auto industry body SIAM started voluntary vehicle recall for safety related issues in India in July 2012, over seven lakh vehicles have been recalled by various manufacturers including Maruti Suzuki , Mahindra & Mahindra , Toyota, Ford, Honda and General Motors.
Last month Maruti Suzuki India announced recall of 69,555 units of Dzire, Swift and Ritz models manufactured between March 2010 and August 2013 to repair wiring harness fitment.
In April this year, in one of the biggest vehicle recalls in India, Maruti Suzuki recalled 1,03,311 units Ertiga, Swift and DZire -- manufactured between November 12, 2013 and February 4, 2014 to replace faulty fuel filler neck.
Last year, General Motors India recalled over 1,10,000 units of its multi-utility vehicle Tavera to address emission and specification issues.
The government is in process of framing a mandatory recall policy that would entail penalties as part of the new Central Motor Vehicle Rules.
Maruti Suzuki stock price
On October 23, 2014, Maruti Suzuki India closed at Rs 3164.60, down Rs 17.1, or 0.54 percent. The 52-week high of the share was Rs 3195.00 and the 52-week low was Rs 1484.20.
The company's trailing 12-month (TTM) EPS was at Rs 96.45 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 32.81. The latest book value of the company is Rs 694.45 per share. At current value, the price-to-book value of the company is 4.56.
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