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SML Isuzu to invest Rs 30 crore to expand capacity of Punjab plant

08 Aug 2016 Evaluate

SML Isuzu has received its board’s approval, on August 5, 2016, for proposal to invest Rs 30 crore to expand capacity of its Punjab plant to 24,000 vehicles a year from 18,000 units now. The company will also create an additional assembly line at the plant in order to meet higher demand during peak season. The expansion will be funded from internal accruals. The new assembly line is expected to begin operations during the second half of 2017-18.

SML Isuzu manufactures a range of vehicles such as trucks, buses and ambulances. The company has launched products like 4WD, Samrat, Sartaj, Dual Cab, Supreme-8 tonner, Truck- Super 12, Super ALFD and many more.

 

Peers
Company Name CMP
Tata Motors 434.35
Ashok Leyland 163.95
Force Motors 17705.00
Olectra Greentech 1210.30
SML Mahindra 6591.10
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