Aug 16, 2013, 06.08 PM IST | Source: Reuters

Suzuki's China venture recalls cars in China

Changan Suzuki Automobile Co Ltd will recall a total of 365,506 vehicles produced between November 2009 and February 2012, due to possible leakage in oil filler pipes

Suzuki's China venture recalls cars in China

The Chinese venture of Japanese automaker Suzuki Motor Corp will recall 365,506 vehicles in China over possible oil leakage problems, China's quality watchdog said on Friday.

Earlier this month, Jaguar Land Rover, a unit of India's largest automobile company Tata Motors Ltd , and German luxury auto brand BMW both made announcements to recall products in China.

Changan Suzuki Automobile Co Ltd will recall a total of 365,506 vehicles produced between November 2009 and February 2012, due to possible leakage in oil filler pipes, China's General Administration of Quality Supervision, Inspection and Quarantine (AQSIQ) said in a statement on its website.

Changan Suzuki confirmed the decision when contacted by telephone.

Tata Motors stock price

On April 17, 2014, Tata Motors closed at Rs 424.50, up Rs 13.30, or 3.23 percent. The 52-week high of the share was Rs 437.70 and the 52-week low was Rs 263.10.


The company's trailing 12-month (TTM) EPS was at Rs 2.61 per share as per the quarter ended December 2013. The stock's price-to-earnings (P/E) ratio was 162.64. The latest book value of the company is Rs 59.47 per share. At current value, the price-to-book value of the company is 7.14.

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