SML Mahindra to consolidate Mahindra’s truck and bus business in Rs525 crore deal
SML Mahindra will acquire Mahindra & Mahindra’s truck and bus division, bringing the group’s commercial-vehicle operations under one entity. The FY27-close transaction supports a target of Rs12,500 crore revenue and 10–12% market share by FY31.
SML Mahindra will acquire M&M’s truck and bus division for Rs525 crore, consolidating Mahindra’s commercial-vehicle operations. The group targets Rs12,500 crore revenue and 10-12% market share by FY31, while retaining M&M contract manufacturing for supply continuity.
Why this matters
The deal follows recent SML Mahindra signals on acquiring M&M’s truck and bus business for ₹525 crore, including board approval, showing the consolidation plan moving toward execution.
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