Acquisition History / Mahindra & Mahindra Ltd / SML Isuzu Ltd (58.96%)
Mahindra & Mahindra Ltd Acquires SML Isuzu Ltd (58.96%)
Announced April 2025 — $62.7M
What happened
Mahindra & Mahindra announced in April 2025 the purchase of a 58.96% controlling stake in commercial vehicle maker SML Isuzu for Rs 555 crore, and the Competition Commission of India cleared the combination on 17 June 2025. SML Isuzu makes buses and light and intermediate commercial vehicles. The deal expands Mahindra's presence in the above-3.5-tonne truck and bus segment.
- Acquirer
- Mahindra & Mahindra Ltd
- Target
- SML Isuzu Ltd (58.96%)
- Announced
- April 2025
- Price
- $62.7M
- Industry
- Commercial vehicles
- Buyer type
- Strategic acquirer
- Status
- Announced, not yet closed
By the numbers
Frequently Asked Questions About This Acquisition
When did Mahindra & Mahindra Ltd acquire SML Isuzu Ltd (58.96%)?
Mahindra & Mahindra Ltd acquired SML Isuzu Ltd (58.96%) on April 2025. This was Mahindra & Mahindra Ltd's 1st publicly tracked acquisition out of 1 we have on record.
How much did Mahindra & Mahindra Ltd pay for SML Isuzu Ltd (58.96%)?
Mahindra & Mahindra Ltd paid $62.7M for SML Isuzu Ltd (58.96%).
What does SML Isuzu Ltd (58.96%) do?
Mahindra & Mahindra announced in April 2025 the purchase of a 58.96% controlling stake in commercial vehicle maker SML Isuzu for Rs 555 crore, and the Competition Commission of India cleared the combination on 17 June 2025. SML Isuzu makes buses and light and intermediate commercial vehicles. The deal expands Mahindra's presence in the above-3.5-tonne truck and bus segment.
What other Commercial vehicles companies has Mahindra & Mahindra Ltd acquired?
SML Isuzu Ltd (58.96%) is Mahindra & Mahindra Ltd's only publicly tracked acquisition in Commercial vehicles so far.