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Business News/ Auto News / SML Isuzu sales in May jump to 13% Jump, sells 1290 total vehicles
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SML Isuzu sales in May jump to 13% Jump, sells 1290 total vehicles

SML Isuzu sold 1,290 total vehicles in May 2023. It had sold 1,145 vehicle units in the same month last year.

SML Isuzu's cargo vehicles sales declined by 41% in MayPremium
SML Isuzu's cargo vehicles sales declined by 41% in May

Chandigarh-based SML Isuzu has revealed its vehicle sales number for the month of May, 2023. The auto manufacturer has posted 13% increase in its total sales last month as compared to May 2023. 

SML Isuzu sold 1,290 total vehicles in May 2023. It had sold 1,145 vehicle units in the same month last year. In the passenger vehicle category, the company sold 1044 units in May this year against the 727 units in May 2022. The company registered 44% growth in the passenger vehicle segment in May 2023.

However, its cargo vehicles sales declined by 41%, from 418 in May 2022 to 246 last month. 

Earlier this year, SML Isuzu increased prices of its trucks and buses from April 1 to offset higher input costs due to inflation and new safety and emission norms.

The company then said it will increase prices for its truck models by up to 4% and by up to 6% for bus models. India's latest emission norms, called Bharat Stage 6, came into effect from April, requiring automakers to alter their vehicles to comply with the new rules, thereby adding to their costs. 

Chandigarh-based SML Isuzu also said its costs were rising due to fitting its buses with electronic stability control technology, which helps prevent losing control of a vehicle.

Besides SML Isuzu, Maruti Suzuki Ltd, Tata Motors Ltd and two-wheeler maker Hero Motocorp have also raised price of their cars and vehicles.

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Published: 01 Jun 2023, 02:50 PM IST
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