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Mahindra arm, SML combine to be 4th largest CV player
NEW DELHI: Mahindra Group has outlined an ambitious growth road map for its newly combined truck and bus business, targeting a 10-12% share of India's heavy commercial vehicle (HCV) market by FY31 and over 20% by FY36, as it seeks to strengthen its presence across the commercial vehicle spectrum following the consolidation of Mahindra Truck & Bus Division (MTBD) with SML Mahindra.
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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.
