This automobile company is riding high on plans to raise truck and bus prices!
After this announcement volume of this stock spurted 2.69 times.
On March 29, 2023, SML Isuzu intends to raise the prices of its vehicles (both trucks and buses) beginning April 1, 2023, to cover the increase in input prices caused by new compliances - BS6 Integrated On-Board Diagnostic II (IOBD-II) and Electronic Stability Control (ESC) for buses - beginning April 1, 2023, as well as general inflation.
SML Isuzu produces a variety of vehicles, including trucks, buses, and ambulances. 4WD, Samrat, Sartaj, Dual Cab, Supreme-8 tonner, Truck-Super 12, Super ALFD, and many more models have been introduced by the firm.
SML ISUZU LIMITED was incorporated as Swaraj Vehicles Ltd in 1983 and was promoted by Punjab Tractors Ltd with a technical collaboration with Mazda Motor Corporation, Japan, and Sumitomo Corporation, Japan.
The firm makes light commercial vehicles including trucks, buses, school buses, ambulances, police personnel carriers, water tankers, and customized vehicles. It sells its goods to Nepal, Zambia, Bangladesh, Kenya, Tanzania, Ghana, Ivory Coast, Rwanda, Seychelles, Syria, and Jordan.
SML Isuzu closed trading at Rs 706 on Wednesday, up 17.10 points or 2.4 per cent from its previous closing price.
The BSE group 'B' stock with a face value of Rs 10 reached a 52-week high of Rs 887.80 and a low of Rs. 476.