Mahindra & Mahindra Ltd. recently made a significant strategic decision to acquire around 59% stake in SML Isuzu for Rs 555 crore, buying shares at Rs 650 each. This acquisition involves purchasing Sumitomo Corporation’s 44% stake and Isuzu Motors’ 15% stake, which has led to a mandatory open offer for public shareholders. This move is expected to strengthen Mahindra & Mahindra’s position in the commercial vehicle segment in India. The deal is set to enhance Mahindra’s product portfolio and market presence, allowing them to tap into new opportunities and expand their reach. With this acquisition, Mahindra & Mahindra aims to leverage SML Isuzu’s expertise and capabilities to drive growth and innovation in the commercial vehicle industry. The company is optimistic about the potential synergies that can be achieved through this strategic partnership. This development comes as a part of Mahindra & Mahindra’s long-term vision to consolidate its position in the Indian automotive market and reinforce its commitment to delivering high-quality products and services to customers. The acquisition of SML Isuzu is poised to create a strong foundation for future growth and success in the commercial vehicle segment.