Mahindra & Mahindra Ltd. has officially acquired a **58.96% stake in SML Isuzu Ltd.

Mahindra & Mahindra Ltd. has officially acquired a **58.96% stake in SML Isuzu Ltd.** as of **August 1, 2025**, marking a significant move in the commercial vehicles segment. Here's a concise summary of the development: --- ### 🚛 **Mahindra Acquires Majority Stake in SML Isuzu** #### 📅 Date: 1st August 2025 | 📍 Mumbai **Key Highlights:** * ✅ **Stake Acquired**: * 43.96% from **Sumitomo Corporation** * 15.00% from **Isuzu Motors Ltd** * **Total: 58.96% of SML’s equity capital** * **Total Deal Value**: ₹555 crore @ ₹650/share (cash transaction) * 📈 **Open Offer**: * Additional **26.00% equity** * Price: ₹1,554.60/share * In line with SEBI (SAST) Regulations, 2011 * 🔧 **Strategic Intent**: * Strengthen Mahindra's position in the **>3.5T commercial vehicle segment** * Combine synergies in **product development**, **distribution**, and **manufacturing** * Boost M\&M’s CV market share from **3% to over 6%** immediately, aiming **10-12% by FY31**, **20%+ by FY36** * 🏭 **About SML Isuzu**: * Established: **1983** * FY24 Revenue: ₹2,196 crore | EBITDA: ₹179 crore * Strong legacy in **intermediate commercial vehicles** (notably ILCV buses) * Manufacturing facility: **Punjab**, with pan-India and international presence * 🧑‍💼 **Mahindra Now Promoter of SML**: * SML becomes a **listed subsidiary** of Mahindra * Will operate with enhanced operational and supply chain efficiencies --- 📢 *Dr. Anish Shah*, Group CEO & MD, said: > “This acquisition aligns with our vision to scale high-potential businesses and builds a stronger, full-range commercial vehicle portfolio.” 📢 *Rajesh Jejurikar*, CEO (Auto & Farm Sector), added: > “SML brings legacy, customer loyalty, and complementarity. We are now positioned for rapid, profitable growth.”