Maahindra & Mahindra Ltd. completed. (M & M) Casting on a 58.96 % sewage in SML ISUZU LTD. From Sumitomo Corporation and ISUZU Motors Limited. The treatment, which is valued at 555 rupees at $ 650 per share, also leads to an obligatory offer open to 26 % of SML property rights of public shareholders under Sebi acquisition regulations.
This acquisition represents an important step in the M&M strategy to strengthen its location in the 3.5T commercial vehicle sector (CV), where its market share is currently 3 %, compared to 54.2 % in the SUB-3.5T commercial vehicle sector. With this deal, the M&M aims to double its share in the heavier CV slice to 6 % immediately, with the expansion of the range of aspirations to 10-12 % by 31 and more than 20 % by the 36 fiscal year.
After the acquisition, the company “SML Maahindra Limited” was renamed, taking into account the necessary organizational approvals and shareholders.
Mahandra Vinod Sahai, President – Space and Defense, trucks, buses and construction equipment, was appointed as SML CEO as of August 3, 2025. Fenkat Surinivas, who heads Mahindra Truck & Bus and Bush, executive director and executive director, as of August 1.
SML was founded in 1983, and it occupies a strong location in the intermediate and light commercial bus sector (ILCV) with a 16 % market share and the presence of all of India. Mahandra believes that this is a strategic expansion, as it depends on the progress of meaning through the truck and bus section over the past few years.
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