HomeNewsTechnologyAutoThis week in Auto: When recall becomes a bad word

This week in Auto: When recall becomes a bad word

Till May, the automotive industry witnessed more than 141,000 recalls stretching across motorcycles, cars and SUVs

May 12, 2018 / 12:55 IST
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Swaraj Baggonkar Moneycontrol News

Eicher Motors, Exide Industries and Apollo Tyres announced their fourth quarter financial results this week as the automotive industry entered the earnings season. Net profit of all three companies missed street estimates when compared to a Reuters poll of analyst expectations.

In other developments, management of Delhi-based Eicher Motors said that it will look at expanding the manufacturing footprint of Royal Enfield to Thailand, Vietnam and Indonesia. These are the markets where Royal Enfield enjoys a strong brand pull and therefore could act as a manufacturing gateway for the South East Asian market.

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Parent company of Maruti Suzuki, Suzuki Motor Corporation, announced its global fourth quarter results that saw India emerge as the biggest revenue contributor, beating its home market Japan. India’s stellar show is largely because of market beating performance by Maruti Suzuki, the country’s biggest car maker with 50 percent market share.

But the development that stood out in the crowd was that of Maruti Suzuki recalling nearly 52,700 units of Baleno and Swift manufactured between December and March last financial year. While it may seem to be one of the several instances of companies calling back their cars to fix a technical issue this one deserves a special mention.