SML Isuzu surges 18% on product price hikes; healthy March sales

The company has decided to increase prices of its products (across all models - trucks & buses) by 3-4 per cent, effective from today i.e. April 4, 2022.

Shares of SML Isuzu moved 18 per cent higher to Rs 697 on the BSE in Monday’s intra-day trade after the company said it has decided to increase prices of its products (across all models - trucks & buses) by 3-4 per cent, effective from Monday, April 4, 2022.

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, SML Isuzu said in an exchange filing.

Meanwhile, the company’s total sales increased 43 per