SML Mahindra to acquire Mahindra’s truck and bus division for ₹525 crore
SML Mahindra will consolidate Mahindra & Mahindra’s truck and bus operations through a ₹525-crore acquisition of the Mahindra Truck and Bus Division, broadening its commercial-vehicle portfolio. The group is targeting 10–12% heavy-truck share by FY31 and over 20% by FY36.
SML Mahindra will acquire Mahindra Truck and Bus Division from M&M for Rs 525 crore, consolidating the group’s truck and bus operations. The FY27 deal broadens its commercial-vehicle portfolio and supports heavy-truck market-share targets.
Why this matters
The acquisition follows recent signals that SML Mahindra approved and announced the ₹525-crore purchase of M&M’s truck and bus business, indicating a continued commercial-vehicle consolidation push.
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