Driving the Deal: Mahindra to Take the Wheel at SML Isuzu with $65 Million Buyout

Unknown Apr 02, 2026 900 Views

Mahindra & Mahindra has entered a definitive agreement to acquire a 58.96% stake in truck and bus manufacturer SML Isuzu for ₹555 crore ($65 million), aiming to double its market share in India’s >3.5T commercial vehicle segment to 6%. The deal includes purchasing 43.96% from Sumitom...