google ad

google ad

Monday, May 5, 2014

Honda to Recall More Than 31000 Cars in India - Wall Street Journal


May 5, 2014 11:26 p.m. ET


NEW DELHI— Honda Motor Co. 7267.TO +1.11% Honda Motor Co. Ltd. Japan: Tokyo ¥3472 +38 +1.11% May 2, 2014 3:00 pm Volume : 5.49M P/E Ratio 10.90 Market Cap ¥6289.28 Billion Dividend Yield 2.53% Rev. per Employee ¥62,218,000 05/05/14 Honda to Recall More Than 31,0... 05/02/14 Otis Finds 'Reshoring' Manufac... 05/01/14 U.S. Auto Sales Bloom in April More quote details and news » 7267.TO in Your Value Your Change Short position is recalling more than 31,000 cars in India to check for a faulty part in the brakes, the company's local unit said Monday.


A total of 15,623 units of the Brio hatchbacks and 15,603 units of the Amaze compact car manufactured from February 28, 2013 through January 16, 2014 are being recalled, Honda Cars India Ltd. said.


The auto maker said there was a possibility that the proportioning valves, which help distribute brake pressure to the wheels, may not have been assembled properly.


The recalls for both the cars only relate to variants that don't have anti-lock brakes. Versions that have anti-lock brakes won't be affected by the recall since these don't have proportioning valves, the company said.


Indian companies have recalled more than 600,000 vehicles since the industry's association--the Society of Indian Automobile Manufacturers--adopted a voluntary code on vehicle recalls in July 2012. These companies include Maruti Suzuki India Ltd. 532500.BY -0.28% Maruti Suzuki India Ltd. India: NSE 1892.56 -5.29 -0.28% May 6, 2014 10:59 am Volume : 55,376 P/E Ratio N/A Market Cap र569.57 Billion Dividend Yield 0.42% Rev. per Employee र45,931,200 05/05/14 Honda to Recall More Than 31,0... 04/25/14 Maruti Suzuki Net Profit Falls... 03/27/14 Toyota Workers in India Refuse... More quote details and news » 532500.BY in Your Value Your Change Short position , General Motors Co. GM -0.63% General Motors Co. U.S.: NYSE $34.75 -0.22 -0.63% May 5, 2014 4:02 pm Volume (Delayed 15m) : 8.14M AFTER HOURS $34.88 +0.13 +0.37% May 5, 2014 7:51 pm Volume (Delayed 15m): P/E Ratio 10.38 Market Cap $56.08 Billion Dividend Yield 3.45% Rev. per Employee $712,105 05/05/14 Honda to Recall More Than 31,0... 05/05/14 GM Executive Involved in Delay... 05/05/14 The Daily Docket: GSE Environm... More quote details and news » GM in Your Value Your Change Short position , Ford Motor Co., Toyota Motor Corp. 7203.TO -0.14% Toyota Motor Corp. Japan: Tokyo ¥5631 -8 -0.14% May 2, 2014 3:00 pm Volume : 4.64M P/E Ratio 9.70 Market Cap ¥19415.67 Billion Dividend Yield 4.08% Rev. per Employee ¥74,833,100 05/01/14 U.S. Auto Sales Bloom in April 04/30/14 California City of Torrance Gr... 04/28/14 Boom Time in Texas: Jobs, Traf... More quote details and news » 7203.TO in Your Value Your Change Short position and Renault S.A.


Honda also produces the City and Accord cars, as well the CR-V sport-utility vehicle in India.


Write to Santanu Choudhury at santanu.choudhury@wsj.com



No comments:

Post a Comment

googlead