Mahindra & Mahindra Ltd. has made a significant strategic decision to acquire a majority stake in SML Isuzu, a leading commercial vehicle manufacturer in India. The deal, valued at Rs 555 crore, will see Mahindra & Mahindra purchasing approximately 59% of SML Isuzu’s shares at Rs 650 each. This acquisition includes Sumitomo Corporation’s 44% stake in SML Isuzu and Isuzu Motors’ 15% stake, consolidating Mahindra & Mahindra’s position in the commercial vehicle segment. The acquisition will also trigger a mandatory open offer for public shareholders of SML Isuzu. This move is in line with Mahindra & Mahindra’s strategic growth plans in the commercial vehicle market in India. SML Isuzu, known for its robust and reliable commercial vehicles, will complement Mahindra & Mahindra’s existing portfolio and strengthen its market presence. The acquisition is expected to enhance Mahindra & Mahindra’s competitiveness and further solidify its position as a key player in the commercial vehicle industry. This strategic acquisition reflects Mahindra & Mahindra’s commitment to driving growth and innovation in the Indian automotive sector.