Maruti Suzuki India fell 0.66% to Rs 3,624.35 at 09:21 IST on BSE after the company said it will recall units of Alto 800 and Alto K10 models manufactured from December 2014 to February 2015 to fix a problem with the right-hand door.
The announcement was made after market hours yesterday, 10 March 2015.
Meanwhile, the BSE Sensex was up 17.46 points, or 0.06%, to 28,727.33
On BSE, so far 1,028 shares were traded in the counter, compared with an average volume of 37,695 shares in the past one quarter.
The stock hit a high of Rs 3,645 and a low of Rs 3,621.60 so far during the day. The stock hit a record high of Rs 3,785.15 on 4 March 2015. The stock hit a 52-week low of Rs 1,680 on 12 March 2014.
The large-cap company has an equity capital of Rs 151.04 crore. Face value per share is Rs 5.
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Maruti Suzuki India announced that it 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 8 December 2014 and 18 February 2015.
Maruti Suzuki 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.
From customer perspective, there is no concern if the right hand side door (front and rear) is completely latched. If however, the door is half-latched then the door may open if pressure is applied from inside. Although it is a rare condition, but in view of customer safety, the company is undertaking replacement of the door latch assembly, proactively.
Maruti Suzuki India's net profit rose 17.8% to Rs 802.16 crore on 15.4% rise in total income to Rs 12704.72 crore in Q3 December 2014 over Q3 December 2013.
Japanese parent Suzuki Motor Corporation holds 56.21% stake in Maruti Suzuki India (as per the shareholding pattern as on 31 December 2014).
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