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Net Sales are expected to increase by 0.7 percent Y-o-Y (up 68.7 percent Q-o-Q) to Rs. 370 crore, according to HDFC Securities.
Gopal Bansal, Wholetime Director, SML Isuzu told CNBC-TV18 the new capacity would come on stream only by second half of 2018. The additional capacity would help the company meet up with any increase in demand and reduce inventory.
SML Isuzu lost its market share in passenger category due to implementation of new bus body code, says Gopal Bansal, wholetime Director of the company.
The company has already started taking steps to improve cargo sales, like introduction of sub 5 tonne category vehicle, 19-feet cargo and CNG trucks due to the ongoing issue in Delhi-NCR region, says Gopal Bansal, whole time Director of SML Isuzu.