SML Isuzu hits 20% upper circuit as PV sales more-than-doubles in Dec 2022

The company's passenger vehicles sales more than doubled to 570 units in the month of December 2022, against 218 units sold in last year.

Shares of SML Isuzu were locked in 20 per cent at Rs 810.50 on the BSE on Monday after the company’s passenger vehicle sales more than doubled to 570 units in the month of December 2022. The commercial vehicles company had sold 218 units during the same month last year.

The company’s total sales increased by 37 per cent year-on-year (YoY) at 959 units in December 2022, as against 218 units in December 2021. However, cargo vehicles sales declined 19 per cent YoY to 389 units from 483 units in the year-ago month.

On a cumulative basis, for