Mahindra & Mahindra Ltd. made a significant announcement regarding its strategic acquisition of around 59% stake in SML Isuzu for Rs 555 crore, with shares bought at Rs 650 each. This deal involves purchasing Sumitomo Corporation’s 44% stake and Isuzu Motors’ 15% stake, consequently leading to a mandatory open offer for public shareholders. This move is set to strengthen Mahindra & Mahindra’s presence in the commercial vehicle segment in India, showcasing the company’s commitment to expanding its market share in the country. The acquisition of SML Isuzu, a prominent player in the commercial vehicle industry, aligns with Mahindra & Mahindra’s long-term growth strategy and will likely contribute to its overall business growth. This strategic investment is expected to bring synergies and operational efficiencies, benefiting both companies in the competitive Indian automotive market. The deal highlights Mahindra & Mahindra’s focus on enhancing its product portfolio and leveraging opportunities for further growth and market expansion. The company’s move to acquire a majority stake in SML Isuzu underscores its vision to solidify its position as a key player in the Indian commercial vehicle sector.