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M&M to acquire 58.96% stake in SML Isuzu for ₹555 crore
short by Shristi Acharya / on Saturday 26 April, 2025
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.
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