Key Developments: Maruti Suzuki India Ltd (MRTI.NS)

MRTI.NS on National Stock Exchange of India

3,541.40INR
24 Apr 2015
Change (% chg)

Rs46.95 (+1.34%)
Prev Close
Rs3,494.45
Open
Rs3,486.00
Day's High
Rs3,565.00
Day's Low
Rs3,434.10
Volume
332,449
Avg. Vol
300,091
52-wk High
Rs3,789.70
52-wk Low
Rs1,866.00

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Latest Key Developments (Source: Significant Developments)

Maruti Suzuki India Ltd to recall 33,098 vehicles (Alto 800 and Alto K-10)
Tuesday, 10 Mar 2015 

Maruti Suzuki India Ltd:Announced that it will inspect and replace the right hand door latch assemble of 33,098 vehicles (comprising 19,780 units of Alto and 13,318 units of Alto k10) manufactured between Dec. 8, 2014 and Feb. 18, 2015.  Full Article

Maruti Suzuki India Ltd recalls Ciaz to replace clutch part-Times of India
Monday, 1 Dec 2014 

Maruti Suzuki India Ltd:Has recalled 3,796 units of its mid-sized sedan Ciaz, manufactured till Nov. 7, to replace a faulty part of clutch operation system-Times of India.  Full Article

Maruti Suzuki India Ltd to recall 69,555 vehicles
Tuesday, 30 Sep 2014 

Maruti Suzuki India Ltd:Says it will proactively inspect and repair the wiring harness fitment of 69,555 diesel vehicles (55,938 units of Old Dzire, 12,486 units of Old Swift and 1,131 units of Ritz).These vehicles were manufactured between March 08, 2010 and Aug. 11 2013.The problem was noticed based on feedback monitoring and internal checks by the company.  Full Article

Nissan Motor Co Ltd chooses Mitsubishi Motors Corp over Maruti Suzuki India Ltd-Business Standard
Monday, 21 Jul 2014 

Maruti Suzuki India Ltd:Nissan Motor Co Ltd has decided against sourcing any further cars from Maruti Suzuki India Ltd and will instead jointly build them with help from partner Mitsubishi Motors Corp-Business Standard.  Full Article

Maruti Suzuki India Ltd and Muthoot finance Ltd sign MOU-Business Standard
Tuesday, 15 Jul 2014 

Maruti Suzuki India Ltd:Signed an MoU with Muthoot finance Ltd's Muthoot Vehicle and Asset Finance (MVFL) to enable customers avail 100 pct finance for Maruti cars-Business Standard.Muthoot Maruti Gold to Car Scheme' (MMG) will give Maruti customers 100 pct on road financing for their vehicles across Kerala.  Full Article

Maruti Suzuki India Ltd Board recommends final dividend
Friday, 25 Apr 2014 

Maruti Suzuki India Ltd:Board recommends final dividend aggregating 3.625 bln i.e. 12 Indian rupees per share (nominal value 5.00 Indian rupees per share) (previous year 8 Indian rupees per share) for the financial year 2013-14.  Full Article

Maruti Suzuki India to recall 103,311 vehicles
Friday, 11 Apr 2014 

Maruti Suzuki India Ltd:Says it will proactively replace fuel filler neck of 103,311 vehicles (42,481 units of DZire, 47,237 units of Swift and 13,593 units of Ertiga) manufactured between Nov. 12, 2013 and Feb. 04, 2014.  Full Article

Maruti Suzuki India Ltd recalls 1492 vehicles
Wednesday, 27 Nov 2013 

Maruti Suzuki India Ltd:Says it will inspect the steering column for 1492 vehicles (Ertiga:306 nos, Swift: 592 nos, Dzire: 581 nos, A-Star: 13 nos), manufactured between Oct.19 and Oct.26.Says if the steering column is found defective, the company will replace the steering column free of cost.  Full Article

Maruti Suzuki India Ltd Stops Producing Cars For Nissan - Business Standard
Friday, 18 Oct 2013 

Business Standard reported that Maruti Suzuki India Ltd has stopped supplying its Europe bound A-star model to Nissan owing to lack of sufficient orders from the latter. The Company, which is 56% controlled by Suzuki Motor Corporation, ended the seven year manufacturing and supply contract with Nissan a few weeks back.  Full Article

Maruti Suzuki India Ltd Cuts Output 25%-Indian Express
Tuesday, 9 Jul 2013 

Indian Express reported that Maruti Suzuki India Ltd to cut daily output by 25% at its Gurgaon and Manesar plants in Haryana. The Company has also cut the production of diesel engines by a third. The latest development comes after the Company shut production of the Swift and Dzire models at Gurgaon last month.  Full Article

BUZZ-CLSA replaces India's Just Dial with Maruti in Asia portfolio

** CLSA replaces Just Dial with Maruti in its Asia ex-Japan long-only portfolio, analyst Christopher Wood wrote in a report on Thursday

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