In a major development in the automotive industry, Mahindra & Mahindra Ltd. has made a significant move by acquiring a majority stake in SML Isuzu. The deal, valued at Rs 555 crore, involves purchasing shares at Rs 650 each, amounting to approximately 59% stake in SML Isuzu. This acquisition includes Sumitomo Corporation’s 44% stake and Isuzu Motors’ 15% stake, consolidating Mahindra’s presence in the commercial vehicle segment. The acquisition also triggers a mandatory open offer for public shareholders, providing an opportunity for them to participate in the deal. This strategic acquisition is expected to enhance Mahindra’s position in the Indian commercial vehicle market, strengthening its product portfolio and market share. With this move, Mahindra aims to capitalize on the growth potential in the commercial vehicle segment and further expand its presence in the industry. The acquisition of SML Isuzu aligns with Mahindra’s long-term vision and strategic goals, positioning the company for sustained growth and success in the competitive automotive market.