Mahindra & Mahindra Ltd. recently made a significant strategic decision to acquire a majority stake of around 59% in SML Isuzu for Rs 555 crore. The acquisition involved purchasing shares at a price of Rs 650 each and included Sumitomo Corporation’s 44% stake as well as Isuzu Motors’ 15% stake. This move has triggered a mandatory open offer for public shareholders. The acquisition is expected to strengthen Mahindra & Mahindra’s presence in the commercial vehicle segment in India and enhance its product offerings. SML Isuzu, formerly known as Swaraj Mazda, is a key player in the commercial vehicle market and this acquisition will provide Mahindra & Mahindra with a strategic advantage in the competitive Indian automotive industry. This development highlights Mahindra & Mahindra’s commitment to expanding its market share and diversifying its product portfolio. The acquisition is subject to regulatory approvals and is expected to further solidify Mahindra & Mahindra’s position as a leading player in the Indian automotive sector.