Maruti Shares Fall After Select Models Fail Crash Test

Posted By:
Subscribe to GoodReturns

Shares in Maruti India fell after the vehicle safety group Global NCAP's report said that many passenger vehicle car models in India, failed crash tests with zero crash rating.

Among these were the Maruti Suzuki Celerio and the Company's Eeco model.

 Maruti Shares Fall After Select Models Fail Crash Test
Other cars that received a zero rating were Renault Kwid, Mahindra Scorpio and Hyundai Eon.

Shares of Maruti were last traded at Rs 3863, down 2 per cent over the previous close.

There were worries that poor crash tests would mean a damage to exports from the company.

However, Maruti has a very dominant share of the domestic market and has been growing the same aggressively.

Over the last few years, it has introduced a number of models to boost market share in the country.

However, a negative report may also damage sale in the domestic market, as customers have become increasingly safety conscious.

Maruti continues to be the largest passenger car in the country, though Hyundai and now Tata Motors plan to gain market share with aggressively priced models and better offerings.

Read more about: maruti
Please Wait while comments are loading...
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'


Get Latest News alerts from Goodreturns