Indian automotive giant Mahindra & Mahindra Ltd. recently revealed its strategic decision to purchase around 59% stake in SML Isuzu for a whopping Rs 555 crore, acquiring shares at Rs 650 each. The acquisition involves obtaining Sumitomo Corporation’s 44% stake and Isuzu Motors’ 15% stake, leading to a mandatory open offer for public shareholders. This move is set 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 key player in the light to medium commercial vehicle segment in India. With this acquisition, Mahindra & Mahindra aims to leverage SML Isuzu’s expertise and market presence to further expand its footprint in the commercial vehicle sector. The deal is expected to bring synergies between the two companies and drive growth in the competitive Indian automobile industry. This strategic investment aligns with Mahindra & Mahindra’s long-term vision of becoming a dominant player in the commercial vehicle market in India.