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After Toyota, the Indian car manufacturer, Maruti Suzuki India Ltd. has announced another car recall.Automaker Maruti Suzuki India Ltd. is to recall more than 103,000 cars  for faulty fuel caps.

The Models that will be recalled are Ertiga, Swift and Swift Dzire vehicles in order to replace fuel caps that are faulty. According to the officials of Maruti Suzuki car recall , these faulty fuel caps could also cause fuel leaks in extreme cases.

maruti suzuki

There is a probability of a fuel smell in a influenced vehicles, pronounced a automobile maker, that accounts for roughly 1 of each 2 cars sole in India.
According to Maruti Suzuki car recall, the dealers of the vehicles will be contacting the owners of all the 103,311 affected vehicles and asking them to get the ” fuel filler neck” replaced.The faulty fuel caps have been detected in Maruti Suzuki cars of the mentioned models, that had been purchased between 12 November 2013 and 4 February 2014, according to an official statement from Maruti.

The statement mentioned that there are chances that there may be fuel smell in the affected vehicles. This, according to the statement of Maruti Suzuki car recall, will account for one of every two cars sold across India. The possibility of fuel leakage in extreme cases has also been foreseen, should fuel levels exceed an automatic cut-off level.

In The statement Of Maruti Suzuki car recall added that it discovered the manufacturing fault during regular quality tests in its manufacturing process.

“The new fuel filler neck is being progressively despatched to the dealer workshops. Considering the number of vehicles impacted, the Company is building up stock of the required component at its dealer workshops, before inviting customers,” the statement added. Japan’s Suzuki Motor Co owns 56 percent of Maruti.

Maruti Suzuki stock price

On April 17, 2014, Maruti Suzuki India closed at Rs 1946.30, up Rs 11.40, or 0.59 percent. The 52-week high of the share was Rs 1979.55 and the 52-week low was Rs 1217.00. The company’s trailing 12-month (TTM) EPS was at Rs 106.68 per share as per the quarter ended December 2013. The stock’s price-to-earnings (P/E) ratio was 18.24. The latest book value of the company is Rs 615.03 per share. At current value, the price-to-book value of the company is 3.16.