M&M to acquire controlling stake in SML Isuzu for ₹555 crore

has agreed to acquire a 58.96% stake in SML Isuzu for ₹555 crore, including a 43.96% stake from Sumitomo Corporation and 15% from Isuzu Motors. M&M will also make an open offer to buy an additional 26% from public shareholders. The deal aims to strengthen M&M's presence in the commercial vehicle segment, doubling its market share to 6% and targeting 20% by FY2036.