SML Isuzu said today morning that effective today, it has decided to increase prices of its products (across all Models - Trucks & Buses) in the range of 3% to 4%.
While the company is taking actions to absorb the impact of sharp increase in commodity prices and other input costs, the upward revision has been necessitated to partially offset the impact of increased costs.
And with regards to monthly sales for March, the company seems to have done well, with total sales for the month rising 43% (YoY) to 1363 units.
Passenger vehicles sales rose 2.5-times to 665 units and cargo vehicles sales rose 3% to 698 units.
Following the news of the price hike, the stock price rose, opening 4.5% higher at Rs.616 and went up over 18% to an intraday high at Rs.697. Its 20% for the UC stands not too far at Rs.707.20.