Mahindra & Mahindra Ltd. recently made a significant strategic decision to acquire around 59% stake in SML Isuzu for Rs 555 crore, with shares bought at Rs 650 each. The deal involves the purchase of Sumitomo Corporation’s 44% stake and Isuzu Motors’ 15% stake in SML Isuzu. This acquisition has led to a mandatory open offer for public shareholders. This move is expected to strengthen Mahindra & Mahindra’s position in the Indian commercial vehicle market and enhance its product portfolio. SML Isuzu, formerly known as Swaraj Mazda, is a well-known manufacturer of buses and trucks in India. This acquisition will allow Mahindra & Mahindra to expand its presence in the commercial vehicle segment and tap into new opportunities for growth. The automotive industry in India is witnessing significant changes, with companies exploring strategic partnerships and acquisitions to stay competitive in the market. Mahindra & Mahindra’s acquisition of SML Isuzu is a testament to the company’s commitment to expanding its market share and diversifying its product offerings. With this deal, Mahindra & Mahindra aims to leverage SML Isuzu’s expertise and capabilities to further strengthen its position in the commercial vehicle segment. This acquisition is expected to create synergies between the two companies and drive innovation in the Indian automotive industry. The deal is subject to regulatory approvals and is expected to be completed in the coming months.