India's SML Isuzu hits over 2-wk high after hiking prices of trucks, buses

SML Mahindra

29/03/2023 05:04

** Shares of SML Isuzu Ltd  SMLI.NS  rise as much as 3.9% to
715.75 rupees, highest since March 10
    ** Automaker to raise prices of its trucks and buses from
April 1 to offset higher input costs due to new safety emission
norms and inflation
    ** Prices of trucks and buses to go up by 4% and 6%,
respectively - SMLI
    ** Trading volume at ~10,000 as of 9:20 a.m. IST, 1.4x the
30-day avg 
    ** Up to last close, stock up 1.8% so far this year


 (Reporting by Biplob Kumar Das in Bengaluru)
 ((Biplobkumar.das@thomsonreuters.com))