Maruti Suzuki, M&M slide as premium models fail international crash test
Maruti scrip plunged 3.6 per cent to hit a low of Rs 3,800 on the BSE. M&M shares fell 1.53 per cent to a low of Rs 1,320.75 on the bourses.
By Chiranjivi Chakraborty, ET Online | Updated:
NEW DELHI: Shares of carmakers Maruti Suzuki and Mahindra & Mahindra slumped as much as 4 per cent in Wednesday after reports showed that their premium car models failed international crash tests.
A crash test executed by Global New Car Assessment Program gave zero rating to Maruti’s Celerio and Eeco and M&M’s Scorpio.
In reaction to the development, the Maruti scrip plunged 3.6 per cent to hit a low of Rs 3,800 on the BSE. M&M shares fell 1.53 per cent to a low of Rs 1,320.75 on the bourses.
“Mahindra Scorpio scored zero star in the adult occupant protection and two stars in child occupant protection,” GNCAP said.
“The non-airbag Eeco scored zero star in the adult occupant protection and one star in child occupant protection.”
A crash test executed by Global New Car Assessment Program gave zero rating to Maruti’s Celerio and Eeco and M&M’s Scorpio.
In reaction to the development, the Maruti scrip plunged 3.6 per cent to hit a low of Rs 3,800 on the BSE. M&M shares fell 1.53 per cent to a low of Rs 1,320.75 on the bourses.
“Mahindra Scorpio scored zero star in the adult occupant protection and two stars in child occupant protection,” GNCAP said.
“The non-airbag Eeco scored zero star in the adult occupant protection and one star in child occupant protection.”
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