M&M to transfer trucks and bus business to SML Mahindra in Rs 525 crore deal
Mahindra & Mahindra will move its trucks and buses division to majority-owned SML Mahindra, targeting Rs 12,500 crore in revenue by FY31 and positioning the combined business as India’s fourth-largest commercial-vehicle maker.
Mahindra & Mahindra will transfer its trucks and bus division to majority-owned SML Mahindra for Rs 525 crore, aiming to create India’s fourth-largest commercial-vehicle maker with Rs 12,500 crore revenue by FY31.
Why this matters
The deal follows recent signals that SML Mahindra approved the ₹525 crore acquisition and planned to consolidate M&M’s truck and bus business.
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