SML Mahindra to acquire M&M’s truck and bus business for ₹525 crore
SML Mahindra plans to consolidate Mahindra & Mahindra’s commercial-vehicle operations above 3.5 tonnes, adding new heavy-truck launches, integrated dealer-service coverage, EV development and possible capital raising to its FY31 growth plan.
SML Mahindra will acquire M&M’s truck and bus division for ₹525 crore, consolidating commercial vehicles above 3.5 tonnes. The combined business plans new heavy-truck launches, dealer-service integration, EV development and potential capital raising.
Why this matters
The planned deal follows SML Mahindra’s recent approval of the acquisition of M&M’s truck and bus business, signaling a push to combine commercial-vehicle operations, service coverage and product development.
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