Mahindra Acquires 58.96% Stake in SML Isuzu for $65 Million to Boost Commercial Vehicle Market Share
Mumbai, India – April 27, 2025 – Mahindra & Mahindra Ltd. (M&M), a leading Indian automaker renowned for its SUVs and tractors, has announced a strategic acquisition of a 58.96% stake in SML Isuzu Ltd. for ₹555 crore (approximately $65 million). This move is set to strengthen M&M’s position in India’s fast-growing commercial vehicle (CV) … Read more