Mahindra & Mahindra Ltd. (M&M) has accomplished the acquisition of a 58.96% controlling stake in SML Isuzu Ltd. from Japan’s Sumitomo Company and Isuzu Motors Restricted. The transaction, valued at ₹555 crore at ₹650 per share, additionally triggers a compulsory open provide for as much as 26% of SML’s fairness from public shareholders beneath SEBI Takeover Rules.
This acquisition marks a major step in M&M’s technique to strengthen its place within the >3.5T business car (CV) section, the place its market share presently stands at 3%, in comparison with a dominant 54.2% within the sub-3.5T mild business car section. With this deal, M&M goals to double its share within the heavier CV section to six% instantly, with ambitions to scale to 10-12% by FY31 and over 20% by FY36.
Following the acquisition, the corporate has been renamed ‘SML Mahindra Restricted’, topic to crucial regulatory and shareholder approvals.
Mahindra has appointed Vinod Sahay, President – Aerospace & Defence, Vehicles, Buses & Building Tools, as Government Chairman of SML efficient August 3, 2025. Venkat Srinivas, who heads Mahindra Truck & Bus and Building Tools, has been named Government Director & CEO, efficient August 1.
Based in 1983, SML holds a robust place within the Intermediate and Mild Business Automobile (ILCV) bus section with a 16% market share and a pan-India presence. Mahindra sees this as a strategic growth, constructing on significant progress by its Vehicles and Buses Division over the previous few years.
