Mahindra & Mahindra (M&M) said that it has signed an agreement to acquire a 58.96% stake in heavy vehicle maker SML Isuzu for ₹555 crore. The acquisition aims to strengthen M&M's bus and truck business. M&M also plans to increase its market share in the commercial vehicles between 10% and 12% by FY2031 and to 20% by FY2036.