In April 2025, M&M concluded an agreement to acquire a share interest of 58.96% in SML against RS 650 per share, which represents a total investment of RS 555 Crore.
“It is a big step for M&M to determine a strong presence in the segment> 3.5T commercial vehicles (CV), whereby the company currently has a market share of 3% compared to a market share of 54.2% in the Sub-3.5 ton segment,” the company said.
This acquisition would double the market share to 6%, with the company’s plan to increase this to 10% – 12% with FY31 and 20%+ by FY36.
As part of the transaction, M&M would acquire the entire importance of 43.96% of Sumitomo Corporation, promoter of SML, and individually also acquire an interest of 15% of Isuzu Motors Ltd, for a total consideration of INR 555 CRORE. M&M would also launch a mandatory open offer for the acquisition of a maximum of 26% interest of eligible public shareholders of SML in accordance with the SEBI acquisition clause.
Mahindra & Mahindra Ltd. have appointed Vinod Sahay as executive chairman of SML Isuzu WEF 3 August and Dr. Venkat Srinivas as executive director and Chief Executive Officer of SML Isuzu Ltd WEF from August 1 August. Likewise, Dr. Venkat Srinivas continue to act as the business head for Mahindra Truck & Bus (MTB) and construction equipment (CE) In addition to this new role at SML Mahindra Limited.sml has a pan-India presence in the segment ‘Trucks & Buses’ segment with 16% of the Segment) Segment.
Shares of Mahindra & Mahindra Ltd. Closed on RS 3160.20 per unit on 1 August on BSE.
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