Maruti Suzuki India, the largest carmaker in the country, has announced the recall of 11,851 units of Baleno and 4,190 units of WagonR produced between July 30, 2019, and November 1, 2019.According to the company, a potential issue has been identified in a component of the fuel pump motor, which could lead to engine stalling or starting problems in rare cases.Affected vehicle owners will be contacted by authorized Maruti Suzuki dealer workshops for the replacement of the part, free of cost, in due course of time, the company stated.This recall marks one of the largest undertaken by the company recently.Earlier in July 2023, Maruti Suzuki India recalled 87,599 units of S-Presso and Eeco models manufactured between July 5, 2021, and February 15, 2023, to examine and replace faulty steering tie rods.Morgan Stanley tags Maruti Suzuki as overweightIn another major development, Maruti Suzuki was recently assigned an overweight rating by Morgan Stanley on March 21, citing potential benefits from a hybrid duty cut. The brokerage firm set a price target of Rs 11,228, which the company surpassed as Maruti shares crossed the Rs 12,000 mark for the first time on March 20.According to a recent report by brokerage firm CLSA, Maruti is expected to maintain its leading position in the CNG PV segment with a 72 percent share.
