Commercial vehicle maker SML Isuzu is planning to hike prices of its products including trucks and buses by 2 to 5% from next month due to rising input cost. Further, the company is planning to foray into higher capacity truck segment category by rolling out 13 tonne capacity vehicle. The company is planning to launch more trucks with bigger capacities in future to mark its presence.
Recently, the company, which is in light and medium commercial vehicle segment, launched ‘Super 12.9 XM’ truck with payload of 8,500 kgs having a price range of Rs 13 lakh. Prior to the launch, the company was present in 5 to 10 tonne capacity of trucks with 16% overall market share.
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.
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