Mahindra’s Big Move: Grabs SML Isuzu at 63% Off to Supercharge Truck & Bus Game
Mahindra just pulled off a bold one picking up a 58.96% stake in SML Isuzu for ₹555 crore, paying just ₹650 a share when the market price is around ₹1,766! Plus, they’re throwing in an open offer for 26% more at ₹1,554.60 per share.
This deal gives Mahindra an instant leg up it’s set to double its share in the heavy commercial vehicle (HCV) space from 3% to 6%, speeding up their ambition of hitting 10–12% by FY31 and taking the fight to big players like Tata Motors and Ashok Leyland.
But it’s not just about size. Mahindra now taps into SML’s strong 16% market share in the ILCV bus segment, along with their tech muscle and dealer network. It fits right into Mahindra’s aggressive “5x growth” plan.
Bottom line: Mahindra’s got the ammo. SML’s getting a second wind. And the whole commercial vehicle market could be in for a serious shake-up.
