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SML Mahindra to acquire M&M's truck, bus business for unified CV company
SML Mahindra will acquire Mahindra & Mahindra's truck and bus division. This move aims to consolidate commercial vehicle operations under one entity. The transaction is expected to be completed within this fiscal year. Combined operations will unlock manufacturing and technology synergies for growth. Future capital expenditure plans will focus on capacity and product expansion.
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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.
