Maruti Suzuki stock slips on products recall

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

The scrip of the country's largest car-maker slipped by 2.18 per cent to an early low of Rs 1,266.35 on the Bombay Stock Exchange (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."

Yesterday also, the scrip settled 1.40 per cent lower on the BSE at Rs 1,294.65 a piece.

Meanwhile, the BSE key index Sensex was quoting down by 43.97 points at 19,568.23 at 1043 hrs.
PGDM 2nd SEM (2010-12)