SML Mahindra to buy M&M’s truck and bus business for Rs 525 crore
Mahindra & Mahindra will transfer its truck and bus division to listed subsidiary SML Mahindra, creating a unified commercial-vehicle platform. The deal, expected to close by January 2027, includes contract manufacturing of Mahindra-branded trucks and buses by M&M.
Mahindra & Mahindra will transfer its truck and bus division to listed subsidiary SML Mahindra for Rs 525 crore, creating a unified commercial-vehicle platform. M&M will continue manufacturing Mahindra-branded trucks and buses under a contract manufacturing arrangement.
Why this matters
The transfer follows signals of Mahindra’s Chakan plant crossing 3 million vehicles, including the BE 6 EV, and Vision S “Baby Scorpio” SUV testing, extending its focus from passenger vehicles to commercial vehicles.
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