Mahindra & Mahindra (M&M) has completed the acquisition of a 58.96% majority stake in SML Isuzu Ltd from Sumitomo Corporation and Isuzu Motors Ltd. The transaction, valued at ₹555 crore (₹650 per share), includes plans for a mandatory open offer to acquire up to an additional 26% stake from public shareholders under SEBI regulations. SML Isuzu will soon be rebranded as SML Mahindra Limited, pending necessary regulatory and shareholder approvals.
With this milestone acquisition, Mahindra aims to strengthen its commercial vehicle (CV) presence in the >3.5‑tonne truck and bus segment, where it currently holds a modest 3% market share. The integration of SML Isuzu’s established product portfolio and dealer network is expected to boost Mahindra’s market share to 6% immediately, with a long‑term ambition to reach 10–12% by FY31 and over 20% by FY36.
A board restructuring is already in effect: Vinod Sahay has been appointed Executive Chairman (effective August 3), and Venkat Srinivas becomes Executive Director & CEO (from August 1). These leadership changes position SML Mahindra for accelerated scale-up and synergies across manufacturing, platforms, and service networks.
This acquisition also strengthens Mahindra’s ability to compete with incumbents like Tata Motors and Ashok Leyland in the bus and mid-sized truck segments, while unlocking opportunities for electric commercial vehicle expansion.
#MahindraSMLEngagement
#SMLIsuzuAcquisition
#SMLMahindra
#MahindraCVGrowth
#CommercialVehicleIndia
#MahindraTrucksBuses
#MahindraMarketShare
#3Point5TonneCV
#MahindraLeadership
#CVSegmentExpansion
#MahindraOpenOffer
#MahindraStrategicDeal
#ElectricBusIndia
#Mahindra2025Growth
#MahindraFY36Target
