SML Isuzu posted 13.4 growth in sales in Feb 2017
The company also reported an increase in sales in April-Sept 2016 period by 18.5 percent. The company sold a total of 13090 units compared to 11044 in the corresponding period last year.
The company also reported an increase in sales in April-Sept 2016 period by 18.5 percent. The company sold a total of 13090 units compared to 11044 in the corresponding period last year.
The automaker sold a total of 963 units in the month of October 2016 versus 784 units in the same month last year
Our company had been focussing only on the passenger vehicle market since inception. So we never focussed on the LCV market. So quite recently, we have entered into the LCV market with SML Isuzu as a customer.
The company also announced a plan to construct a new engine machining factory with production capacity similar to that of the engine assembly plant.
The recalls will involve CX-7 vehicles manufactured between October 1, 2009 and August 1, 2012, and CX-9 models made between November 19, 2012 and December 24, 2013.
For the expansion in production capacity, the company will be setting up an additional assembly line at an estimated cost of Rs 30 crore.
The first in the series, G-Vectoring Control, will be introduced to all new-generation models starting with the updated Mazda Axela (known as Mazda3 outside Japan), which goes on sale in Japan from Friday.
Isuzu will produce next-generation pick-up trucks for Mazda, based on Isuzu’s pick-up truck model.
The Mazda3 sets a new record for Mazda by achieving the milestone figure in only twelve years and ten months since production of the model commenced in June 2003.
For last quarter, SML Isuzu's PAT stood at Rs 16.7 crore as against Rs 12.7 crore for corresponding period during fiscal 2015.
The technology was first introduced at the Ujina Plant in Japan, where installation of the system was completed in 2012.
For the year ended March, 2016, the company sold 12,700 units as against 11,759 units sold in the previous year, up 8 per cent.
The company's total production (Domestic+Overseas+Global) registered 8.1 percent growth in last month and stood at 1,29,848 units.
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SML Isuzu Limited (formerly Swaraj Mazda), manufacturer of trucks and buses, is eyeing a 15 per cent market share in the commercial vehicles segment over the next four years, a company official said.
SML ISUZU Limited signed an agreement with State Bank of India (SBI) for financing entire range of commercial vehicles being manufactured by them. SBI is India’s largest banking institution with a network that reaches the remotest destinations. Mr. K.B Prasad, Executive Director (Marketing) of SMLI and Mrs. Saloni Narayan, Deputy General Manager of SBI inked the agreement on 05.03.2014 at Mumbai.
Name | DIN | Designation | Date of joining | |
---|---|---|---|---|
Asis Kumar Thakur | 00031778 | asis_thakur@hotmail.com | Director | 31 Jan,2006 |
Sudhir Nayar | 00200415 | sudhir.nayar00@gmail.com | Director | 06 Aug,2013 |
Pankaj Bajaj | 00337925 | pankaj.bajaj@sumitomocorp.co.jp | Director | 29 Jul,2006 |
Surender Kumar Tuteja | 00594076 | sktuteja@nic.in | Director | 20 Jun,1998 |
Pramod Kumar Nanda | 00751931 | Director | 29 Jul,2006 | |
Vasantha Suresh Bharucha | 02163753 | vsbharucha@gmail.com | Director | 22 Sep,2014 |
Eiichi Seto | 02704734 | eiichi.seto@sumitomocorp.co.jp | Managing director | 28 May,2010 |
Takeru Kikkawa | 03107280 | takeru.kikkawa@sumitomocorp.co.jp | Director | 10 May,2016 |
Masaki Nakajima | 06605180 | masaki.nakajima@sumitomocorp.co.jp | Director | 07 May,2013 |
Gopal Bansal | 06836592 | gbansal@smlisuzu.com | Whole-time director | 11 Feb,2014 |
Kei Katayama | 06942162 | kei_katayama@smlisuzu.com | Whole-time director | 08 Aug,2014 |
Masahiro Narikiyo | 07125220 | masahiro.narikiyo@sumitomocorp.co.jp | Director | 27 Mar,2015 |
Kazuo Goda | 07572151 | kazuo_goda@notes.isuzu.co.jp | Director | 05 Aug,2016 |
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