Maruti shares fall more than 1%
Shares in Maruti Suzuki, India's top carmaker, fell more than 1 percent early on Wednesday, a day after the company said it was recalling 100,000 of its A-Star hatchbacks sold overseas and in India.
By PTI |
MUMBAI: Shares in Maruti Suzuki, India's top carmaker, fell more than 1 percent early on Wednesday, a day after the company said it was recalling 100,000 of its A-Star hatchbacks sold overseas and in India.
Maruti, in which Japan's Suzuki Motor Corp has 54.2 percent stake, said on Tuesday that a faulty gasket leading to a potential fuel leakage problem had been identified and the company had fixed about half of the cars.
At 9:01 a.m. (0331 GMT), its shares were down 0.8 percent at 1,326.10 rupees.
The stock has fallen 14.3 percent this year, lagging the main index which has lost 6.7 percent.
Maruti, in which Japan's Suzuki Motor Corp has 54.2 percent stake, said on Tuesday that a faulty gasket leading to a potential fuel leakage problem had been identified and the company had fixed about half of the cars.
At 9:01 a.m. (0331 GMT), its shares were down 0.8 percent at 1,326.10 rupees.
The stock has fallen 14.3 percent this year, lagging the main index which has lost 6.7 percent.
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