Mileage scan­dal: Maruti not singed by Suzuki on Day 1, stock re­cov­ers

Hindustan Times ST (Mumbai) - HT Navi Mumbai Live - - FRONT PAGE - HT Cor­re­spon­dent let­ters@hin­dus­tan­times.com

Shares of Maruti Suzuki In­dia tum­bled 4% on Wed­nes­day af­ter Suzuki Mo­tor Corp chair­man Osamu Suzuki con­fessed that the Ja­panese car­maker made in­flated claims of fuel ef­fi­ciency. The Maruti stock, how­ever, re­cov­ered and closed the day only 1.1% in the red af­ter fer­vent claims by the com­pany that there will be no im­pact on In­dia.

Maruti is In­dia’s largest car maker, with nearly half the share of the mar­ket. Its mar­ket cap­i­tal­i­sa­tion is Rs1,18,324.76 crore on Wed­nes­day’s stock price, al­most equal to Ut­tarak­hand’s GDP. FULL RE­PORT, P13

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