Mahindra & Mahindra Ltd. has made a significant strategic decision to acquire a majority stake in SML Isuzu, a renowned player in the commercial vehicle segment in India. The deal, valued at Rs 555 crore, will see Mahindra & Mahindra purchasing shares at Rs 650 each, amounting to approximately 59% of the total stake in SML Isuzu. This acquisition involves buying out Sumitomo Corporation’s 44% stake and Isuzu Motors’ 15% stake in the company. As a result of this transaction, there will be a mandatory open offer for the remaining public shareholders of SML Isuzu. This move by Mahindra & Mahindra is aimed at strengthening its position in the commercial vehicle market in India and expanding its product portfolio. SML Isuzu has a strong presence in the light to medium commercial vehicle segment, and this acquisition will complement Mahindra & Mahindra’s existing commercial vehicle business. With this strategic investment, Mahindra & Mahindra is poised to enhance its market share and competitiveness in the commercial vehicle industry in India. This development is expected to have a significant impact on the overall dynamics of the commercial vehicle market in the country, as two leading players join forces to drive growth and innovation in the segment.