SML Mahindra approves ₹525 crore acquisition of M&M’s truck and bus division
The deal will consolidate Mahindra’s commercial-vehicle operations under SML Mahindra, expanding its truck and bus portfolio. The company is targeting 10–12% HCV market share by FY31 and more than 20% by FY36.
SML Mahindra approved buying M&M's Truck and Bus Division for Rs 525 crore, consolidating Mahindra's commercial-vehicle operations. The FY27 deal broadens its truck and bus portfolio while targeting 10-12% HCV share by FY31 and more than 20% by FY36.
Why this matters
The approval advances SML Mahindra’s recent acquisition plans, following signals on buying M&M’s truck and bus business and consolidating the operations in a ₹525 crore deal.
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