SML Isuzu Limited
SML ISUZU LIMITED was incorporated as Swaraj Vehicles Ltd in 1983 and was promoted by Punjab Tractors Ltd with technical collaboration Mazda Motor Corporation, Japan, and Sumitomo Corporation, Japan. In 2004, the technical collaboration agreement with Mazda expired 2004 and sold its entire stake to Sumitomo Corporation and in the same time, it signed a technical assistance agreement with Isuzu Motors.In 2011, it was…
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SML Mahindra delivered strong October unit sales, surging 32% year-over-year to 1,059 vehicles. Cargo segment sales jumped 29%, with passenger vehicles up 36%. Year-to-date (April-Oct), total sales climbed 9% to 9,204 units. Cargo units saw a 29% increase, while passenger units grew 2%.
SML Mahindra updated its fair disclosure policy, ensuring prompt and uniform release of market-moving information. This enhances transparency, aiming to prevent insider trading and ensure all investors have access to data simultaneously.
SML ISUZU's September sales fell 10% YoY to 950 units, with both Cargo (-9%) and Passenger (-10%) segments declining. However, April-September total sales rose 7% to 8145 units. This half-year growth was driven by a strong 29% surge in Cargo Vehicles, while Passenger Vehicles remained nearly flat (+0.4%).
SML ISUZU's August sales dropped 15% YoY to 842 units, mainly due to a 24% decline in Passenger Vehicles, despite a 6% rise in Cargo Vehicles. Year-to-date (April-August), total sales climbed 9% to 7,195 units, propelled by strong 39% growth in Cargo Vehicles, while Passenger Vehicles saw a modest 1%...
SML ISUZU's board has approved key leadership changes. Mr. Vinod Kumar Sahay, currently an Executive Director, will assume the Executive Chairman role starting August 3rd. A significant transition is also underway in finance: Mr. Rakesh Bhalla will step down as Chief Financial Officer by September 30th, with Mr. Pushkar Patwardhan...