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 supply for as much as 26% of SML’s fairness from public shareholders underneath SEBI Takeover Laws.
This acquisition marks a big step in M&M’s technique to strengthen its place within the >3.5T business automobile (CV) section, the place its market share at the moment stands at 3%, in comparison with a dominant 54.2% within the sub-3.5T mild business automobile 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 vital regulatory and shareholder approvals.
Mahindra has appointed Vinod Sahay, President – Aerospace & Defence, Vans, Buses & Development Gear, as Govt Chairman of SML efficient August 3, 2025. Venkat Srinivas, who heads Mahindra Truck & Bus and Development Gear, has been named Govt Director & CEO, efficient August 1.
Based in 1983, SML holds a powerful place within the Intermediate and Gentle Industrial Car (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 Vans and Buses Division over the previous few years.
