Archive · 2 Aug 2025
Mahindra Completes SML Isuzu Acquisition, Renames to SML Mahindra
Mahindra, an Indian car company, bought a majority share of SML Isuzu, another car company, for ₹555 crore.
They plan to change the name to SML Mahindra Limited.
Mahindra wants to enter the electric bus market and increase its presence in the commercial vehicle sector.
Key people will change roles with the acquisition.
The deal aims to help Mahindra expand its business.
Mahindra & Mahindra acquired a 58.96% stake in SML Isuzu.
The acquisition cost ₹555 crore.
The company will be renamed SML Mahindra Limited.
Vinod Sahay will be the Executive Chairman and Venkat Srinivas will be the Executive Director & CEO.
M&M plans to enter the electric bus segment.
- Who
- Mahindra & Mahindra acquired SML Isuzu from Sumitomo Corporation and Isuzu Motors Ltd.
- What
- Mahindra & Mahindra acquired a majority stake in SML Isuzu.
- When
- Reported on August 2, 2025.
- Where
- N/A
- Why
- To strengthen M&M's position in the commercial vehicle market and enter the electric bus segment.
- Acquisition Percentage
- 58.96%
- Acquisition Price
- ₹555 crore
- New Name
- SML Mahindra Limited
- Executive Chairman
- Vinod Sahay
- Executive Director & CEO
- Venkat Srinivas
- Previous Owners
- Sumitomo Corporation and Isuzu Motors Ltd.
Sources
Mahindra acquires 58.96% stake in SML Isuzu; to be rebranded as SML Mahindra
M&M completes SML Isuzu acquisition; to be called SML Mahindra Ltd.
Mahindra & Mahindra Acquires Majority Stake in SML Isuzu, Rebrands as SML Mahindra