M&M to transfer truck and bus division to SML Mahindra in Rs 525 crore deal
Mahindra & Mahindra will consolidate its truck and bus business under listed subsidiary SML Mahindra through a Rs 525 crore slump sale, while continuing contract manufacturing of Mahindra-branded vehicles to maintain supply continuity.
Mahindra & Mahindra will transfer its truck and bus division to listed subsidiary SML Mahindra for Rs 525 crore, consolidating commercial vehicles under one entity. M&M will continue contract manufacturing Mahindra-branded trucks and buses to maintain supply continuity.
Why this matters
Alongside the truck-and-bus acquisition signal, Mahindra has advanced Vision S SUV testing and its Chakan plant has surpassed 3 million vehicles.
Retail-company signals are accelerating, up +404567% QoQ.