Mahindra & Mahindra Ltd., a leading Indian automotive manufacturer, has made a significant strategic decision to acquire a majority stake in SML Isuzu, a commercial vehicle manufacturer based in India. The acquisition involves purchasing approximately 59% of SML Isuzu’s shares for a total of Rs 555 crore, with each share priced at Rs 650. This move includes buying Sumitomo Corporation’s 44% stake in SML Isuzu and Isuzu Motors’ 15% stake, which will result in a mandatory open offer for the remaining public shareholders of SML Isuzu. This acquisition is expected to strengthen Mahindra & Mahindra’s presence in the commercial vehicle segment in India, allowing them to expand their product portfolio and market share. With this strategic acquisition, Mahindra & Mahindra aims to capitalize on the growing demand for commercial vehicles in the country and enhance its competitiveness in the automotive industry. This development signifies a significant milestone for both companies and is expected to have a positive impact on the overall automotive sector in India.