SML Mahindra Ltd Share Price

SML MAHINDRA TARGETS 10–12% COMMERCIAL VEHICLE MARKET SHARE

SML Mahindra Ltd rose 7.5% on September 3 after a senior company executive outlined an ambitious growth strategy for the commercial vehicle segment. The company aims to increase its market share in India’s commercial vehicle market to 10–12% by FY31, up from around 7.2% currently, and plans to cross the 20% mark by FY36. Mahindra & Mahindra acquired a 58.96% controlling stake in SML Isuzu Ltd last year, subsequently renaming the company SML Mahindra Ltd. The company is also targeting a significant shift towards electric mobility. According to a senior executive, SML Mahindra and Mahindra & Mahindra together sold around 16,000 buses last year. The group expects at least 10% of its total bus sales to comprise electric buses within a couple of years of launching its upcoming electric bus portfolio. On the broader commercial vehicle market, the company expects high-single-digit growth in the current financial year. The outlook is supported by replacement demand, particularly in the heavy truck segment, as well as continued momentum in the Indian economy. While the base will be higher in the fourth quarter and partly in the third quarter, for the full year we should still have at least higher single-digit growth. The comments came on the sidelines of an event where Mahindra Truck and Bus, part of the Mahindra Group, unveiled the all-new BLAZO i-TRK, its next-generation heavy commercial truck.

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SML Mahindra Shares Surge 7.5% on Ambitious Growth Targets

Shares of SML Mahindra climbed sharply by about 7.5% on September 3, closing at Rs 5,725, after a senior executive outlined ambitious expansion plans for the commercial vehicle maker. Vinod Sahay, President of Trucks & Buses and Executive Chairman of SML Mahindra, said the company aims to raise its commercial vehicle market share to 10-12% by FY31 from the current 7.2%. Looking further ahead, the firm targets crossing 20% share by FY36. These goals come a year after Mahindra & Mahindra acquired a controlling stake in the former SML Isuzu and rebranded it as SML Mahindra. Sahay also highlighted progress on electrification. The company plans to convert at least 10% of its total bus portfolio to electric vehicles within a couple of years of launching its e-bus range. Combined, SML Mahindra and Mahindra & Mahindra sold around 16,000 buses last year. On the broader market outlook, Sahay expects high single-digit growth in the commercial vehicle segment for the current financial year. He pointed to rising replacement demand, particularly for heavy trucks, and India’s overall economic momentum as key drivers. The comments were made on the sidelines of the launch of Mahindra’s new BLAZO i-TRK heavy commercial truck. Investors responded positively to the clear growth roadmap and electric vehicle ambitions.

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Elecon Engineering Company’s stock surged today

Elecon Engineering Company’s stock surged today, rising over 9% to ₹453.6 on the BSE, making it one of the top gainers in the ‘A’ group. However, its Q2 FY26 results revealed a sharp 50% drop in net profit despite revenue growth. 📊 Elecon Engineering Company – Latest Updates (3 Sept 2026) Stock Market Performance Price Movement (BSE): ₹453.6 (+9.05%) Trading Volume: ~1.3 lakh shares vs. 37,313 average (significantly higher activity) Ranking: 3rd biggest gainer in BSE ‘A’ group today Peers also gaining: Raymond Ltd (+12.61%), Kiri Industries (+9.05%), Anant Raj (+8.60%), SML Mahindra (+6.96%) Q2 FY26 Results (Quarter ended Sept 25) Total Revenue: ₹578.13 Cr (+17.85% QoQ, +13.77% YoY) Operating Profit: ₹100.36 Cr (-5.11% QoQ) Net Profit (PAT): ₹87.72 Cr (down 50% QoQ) Operating Margin: 17.36% EPS: ₹3.91 (halved from previous quarter) Key Issues: Rising operating expenses and depreciation impacted profitability despite revenue growth

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Mahindra BLAZO i-TRK Targets Growth Through Fuel Efficiency and Higher Uptime

Mahindra has launched the BLAZO i-TRK heavy commercial vehicle range in India, with a focus on improving fleet economics through fuel efficiency, uptime and connected technology. Powered by a 7.2-litre mPOWER engine delivering 320 hp and 1,100 Nm of torque, the truck offers up to 10% higher fuel efficiency, with the company estimating potential additional earnings of up to ₹15 lakh per truck over five years. Mahindra also highlighted a 6%–12% fuel-efficiency advantage over competing trucks, while efficiency has improved by up to 15% compared with the earlier BLAZO over the past year. The vehicle comes with a 48-hour uptime guarantee, including compensation of ₹10,000 per day for eligible customers if service restoration exceeds the committed period, along with mQSP service points within 75 km on national highways and 50 km on state highways. Its iMAXX 2.0 platform adds connected features such as vehicle diagnostics, driver monitoring and fleet analytics, while the Parts Supply Guarantee covers 250 critical components with a 24-hour delivery commitment. From a strategic perspective, Mahindra is targeting a 20% market share over the next five years. While the SML Mahindra merger is expected to close in FY27 following the July 29, 2026 board approval. On electric trucks, management indicated that a 500 km-range vehicle could require around 1 tonne of battery capacity, making payload economics an important consideration and suggesting that electrification is currently more suitable for shorter-distance applications.

Disclaimer: This post is for informational purposes only and not a recommendation to buy or sell any securities. I, or my family, associates, or relatives, may have a financial interest in the securities mentioned.

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Mahindra And Mahindra Ltd Key updates

SML Mahindra has begun a postal-ballot process for the acquisition and related-party transactions of up to ₹4,660 crore, with voting scheduled from August 8 to September 6. M&M plans to add 82,000 units of annual capacity by the end of FY27—around 70,000 for ICE SUVs and 12,000 for battery-electric vehicles.

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hit 20% upper circuit for second straight day after Mahindra & Mahindra's board approved the sale of its truck and bus business to its subsidiary for Rs 525 crore, as it looks to consolidate its commercial vehicle business under a single entity.

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