Maruti Suzuki Recalls Baleno and WagonR Models Over Fuel Pump Motor Issue

26 Mar 2024 , 03:43 PM

Maruti Suzuki India Limited witnessed a 1% decline in its shares, trading at ₹12,209 in morning trade on March 26, following the announcement of a recall.

The recall pertains to 11,851 units of Baleno and 4,190 units of WagonR hatchbacks due to a potential defect in a part of the fuel pump motor. The company stated that the defect might result in engine stalling or starting issues, prompting the recall.

Maruti Suzuki assured affected vehicle owners of free replacement of the faulty part through authorized dealer workshops.

The company stated, “Affected vehicle owners will be contacted by Maruti Suzuki authorized dealer workshops for replacement of the part, free of cost, in due course of time.”

Previously, Maruti Suzuki had reported a 15% year-on-year increase in total wholesales, reaching 1,97,471 units in February.

In the early trade, the stock traded at ₹12,247, marking a 0.8% decline from the previous close. Currently, shares were trading at ₹12,263.95 at the time of writing. Maruti shares have observed a nearly 50% surge in the past year.

The last recall occurred in July 2023, involving 87,599 units of S-Presso hatchback and Eeco van models manufactured between July 5, 2021, and February 15, 2023, to address a faulty steering tie rod.

Globally, recall campaigns are conducted to address potential safety defects in vehicles.

In the interest of customer safety, Maruti Suzuki has chosen to voluntarily recall the affected vehicles for inspection or replacement of the Motor Generator Unit, at no cost to the owners. Affected vehicle owners will receive communication from Maruti Suzuki authorized workshops regarding the necessary steps to rectify the issue.

Maruti Suzuki India Limited, formerly known as Maruti Udyog Limited, functions as the Indian subsidiary of Suzuki Motor Corporation, established through a joint venture with the Government of India in February 1981.

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