SML ISUZU Ltd increases price of Trucks and Buses to cover increase in input cost

SML ISUZU Ltd has announced that to cover the increase in input cost due to implementation of the Fire Alarm and Protection System (FAPS) and also general inflation, the Company has decided to increase the prices of its vehicles (both Trucks & Buses) with effect from 1st October, 2023 as mentioned below:

a) For all buses & trucks (compliant with present norms), the price increase is in the range of INR 20,000 - INR 30,000 (inclusive of GST@28%).

b) For all School buses subject to the implementation of compliance with new Norms "FAPS" which is part of AIS 153 norms and related to safety of buses, the price increase will be in the range of INR 1.95 Lacs - 2.45 Lacs (inclusive of GST@28%)

Shares of SML Isuzu Limited was last trading in BSE at Rs. 1177.95 as compared to the previous close of Rs. 1182.00. The total number of shares traded during the day was 720 in over 126 trades.

The stock hit an intraday high of Rs. 1192.90 and intraday low of 1174.50. The net turnover during the day was Rs. 852927.00.

Source : Equity Bulls

Keywords

SMLIsuzu INE294B01019 PriceIncrease InputCostIncrease Trucks Buses