Kristian Cuku’s journey from ordinary beginnings to remarkable success
The recall of the model, which is mainly exported to several countries including Germany, Britain and France, began in November to fix a fuel leakage problem, a spokesman for the company told Reuters on Tuesday.
Shares in the company ended down 3.2 percent at 1,336.85 rupees on Tuesday in a Mumbai market that rose 0.3 percent.
“I think there has been an impact to sentiment considering what is going on globally,” Vaishali Jajoo, an auto-sector analyst at Angel Broking, said.
“Everybody is fearing whether it can spread to other models, but I cannot guess whether that will actually happen,” she said.
Maruti’s move comes as Japanese rival Toyota Motor Corp is embroiled in a much larger recall of 8.5 million vehicles globally in recent months for problems including sticky accelerators and a braking glitch affecting its hybrid models.
The Maruti spokesman said there had been no customer complaints but an internal analysis had shown that when fuel was filled beyond a certain point, there was a possibility of leakage. About 50 percent of the faulty cars have been fixed.
These vehicles belonged to a lot made until Aug. 22 last year, he said.
Between January and December last year, the company exported about 100,000 A-Stars that was first launched in India in late 2008. It sells 3,500 to 4,000 A-stars a month in India.
Jajoo said she had spoken to Maruti and the company had told her the fault was only in the A-Star.
Maruti is on track to hit annual sales of 1 million cars in the current fiscal year that ends in March.
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