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SML Mahindra to acquire Mahindra Truck and Bus division in commercial vehicle consolidation
SML Mahindra will acquire Mahindra Truck and Bus Division from Mahindra & Mahindra through a slump sale in FY27. The deal consolidates truck and bus operations, expands its commercial vehicle portfolio, enhances scale, unlocks synergies and strengthens competitiveness across above-3.5 tonne segments.
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economictimes.indiatimes.com
SML Mahindra to acquire Mahindra’s truck and bus business for Rs 525 crore
In a significant strategic shift, Mahindra & Mahindra plans to hand over its Truck and Bus Division to SML Mahindra for Rs 525 crore. This consolidation is designed to bring the…
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thehindu.com
Mahindra to integrate truck, bus manufacturing under SML Mahindra
SML Mahindra acquires Mahindra Truck and Bus Division for ₹525 crore, boosting shares by 20% and enhancing commercial vehicle operations.
