In a step that aims to strengthen the truck and bus segment, the Indian car manufacturer Mahindra & Mahindra will acquire a share of 58.96 percent of SML ISUZU for 555 billion GBP.
M&M will acquire the entire participation of 43.96 percent of the Sumitomo Corporation, the promoter of SML, and separately one of Isuzu Motors Ltd. Public public shareholder of SML for a total participation of 555 crore. The company will also start an open offer for the acquisition of up to 26 percent of SML public shareholders in accordance with the Sebi takeover regulations.
The acquisition will double the company’s market share to 6 percent and increase up to the GJ 31 and 20 percent up to the GJ 36 to 10 to 12 percent. The car manufacturer explained that the acquisition would set its strong presence in the commercial vehicle segment of more than 3.5 tons. In this segment, M&M has a market share of 3 percent.
“The takeover of SML Isuzu is an important milestone in the vision of the Mahindra Group to achieve 5-fold growth in our emerging companies. This acquisition is with our capital allocation strategy for investing in highly potential growth areas, which have a strong right to profit and the operational excellence of the anish shah, the group of the group, the group of Mahindra Group, the Mahindra Group, the Mahindra Group.
ILCV bus segment
SML is a market leader in the ILCV bus segment with almost 16 percent market share. In the GJ24, the company reported an operating turnover of 2,196 billion GBP and EBITDA of 179 billion GBP. Businessline Had previously reported that M&M was recorded in talks about the proportion of the promoter in the Japanese Sumitomo Corporation at the commercial vehicle manufacturer SML ISUZU in India.
“This acquisition is a crucial step towards our goal of becoming a complete, impressive actor in commercial vehicles by improving the market insurance that opens up the operational leverage through platform consolidation, a uniform supplier and network basis,” said Rajesh Jejurikar, Managing Director and CEO, Mahindra & Mahindra & Mahindra & Mahindra & Mahindra and Mahindra & Mahindra and Mahindra & Mahindra Ltd.
The Mahindra Group recently appointed its top lead and the head of the agricultural equipment sector as managing director and Chief Executive Officer (CEO) by Mahindra Logistics (MLL), Veejay Nakra (CEO) by Mahindra Logistics (MLL). Automobile business.
Published on April 26, 2025