SML Isuzu

The profit after tax (PAT) of SML Isuzu stood at ₹21.05 crore, as against ₹21.8 crore a year ago, down 3.4 per cent

Shares of Force Motors (₹21,585) and SML Isuzu (₹4,413.60) have hit their respective new highs, surging 5 per cent each on the BSE in Thursday's intra-day trade.

Mahindra & Mahindra on Saturday said it has completed the acquisition of 58.96 per cent controlling stake in commercial vehicle manufacturer SML Isuzu Ltd and has renamed it as SML Mahindra Ltd (SML). M&M Ltd also said that it has reconstituted the company's board, which will now be headed by Mahindra Group veteran Vinod Sahay as its Executive Chairman. Venkat Srinivas has been appointed as the Executive Director & Chief Executive Officer of SML, it added. Sahay is currently president for aerospace and defence, trucks, buses & CE Mahindra Group, a position he will continue to serve, it said. Sahay's appointment as Executive Chairman of SML Isuzu is effective from August 3 and that of Srinivas from August 1, the company said. In addition to his new role, Srinivas will continue to serve as the Business Head for Mahindra Truck & Bus (MTB) and Construction Equipment (CE), it said. M&M had in April this year signed a share purchase agreement to 58.96 per cent stake .

Shares of SML Isuzu hit a new high at ₹3,675.15, and were locked at the 10 per cent upper circuit on the BSE in Friday's intra-day trade.

Shares of SML Isuzu (up 14% at ₹3,250) and Force Motors (up 11% at ₹16,976.30) hit their respective new highs, as they rallied by up to 14% on the BSE in Wednesday's intra day trade.

SML Isuzu reported 6.3% YoY growth in total vehicle sales of 1,871 units in June 2025, driven by cargo vehicle sales, which grew 41.6 per cent YoY to 480 units during the month.

SML Isuzu share price gained 8 per cent after company's June sales increased 6 per cent year-on-year (Y-o-Y)

The Competition Commission of India (CCI) on Tuesday cleared Mahindra & Mahindra's proposed acquisition of a nearly 59 per cent stake in commercial vehicle maker SML Isuzu for Rs 555 crore. Mahindra & Mahindra in April announced the acquisition of a 58.96 per cent stake in SML Isuzu for Rs 555 crore. "The proposed combination relates to acquisition of SML Isuzu Ltd (Target) by Mahindra and Mahindra Limited (acquirer)," CCI said in a release. Mahindra & Mahindra is the flagship company of the Mahindra group. It is engaged in the automotive, farm equipment, agricultural products and services sector, etc. "CCI approves the proposed combination involving acquisition of SML Isuzu Ltd by Mahindra and Mahindra Ltd," the regulator said in a post on X. In April, the Mumbai-based automaker Mahindra & Mahindra said it would acquire the entire stake of 43.96 per cent held by Sumitomo Corporation, promoter of SML, and separately acquire a 15 per cent stake held by Isuzu Motors, ...

Mahindra & Mahindra (M&M) has sought approval from the Competition Commission of India to acquire majority stake in commercial vehicle maker SML Isuzu. The company had earlier announced that it would acquire 58.96 per cent stake in SML Isuzu for Rs 555 crore. "The proposed combination relates to acquisition of shareholding by the acquirer (M&M) in the target (SML Isuzu Ltd)," a notice filed with the Competition Commission of India (CCI) said on May 5. The proposed combination is notified under section 5(a)(i)(A) of the Competition Act, 2002, it added. M&M is the flagship company of the Mahindra group, which is engaged in various sectors such as automotive, farm equipment, financial services, IT aerospace, real estate & infrastructure, logistics and hospitality. For the assessment of CCI, the parties said "the proposed combination will not lead to any change in the competitive dynamics, let alone cause any appreciable adverse effect on competition in India, ...

M&M-SML Isuzu: Analysts see the deal as strategically positive for M&M as it may help it address gaps in its product portfolio

M&M's board has approved acquiring Sumitomo Corporation's 44 per cent stake in the company at a price of ₹650 per share along with Isuzu Motors 15 per cent stake at the same price of ₹650 per share.

Switch Mobility is contemplating the potential closure of its manufacturing operations in UK due to ongoing economic uncertainties and a slower-than-expected transition to EVs in public transport.

SML Isuzu's share price rallied 6% to ₹1,710 on reports that Ashok Leyland is in advanced talks to acquire a majority stake in the commercial vehicles company

Sumitomo holds 44% in SML Isuzu; current stake valued at Rs 1,100 cr; deal may happen at a discount to current trading price

The potential acquisition could mark M&M's strategic entry into the trucks and buses segment, allowing it to expand beyond its current portfolio of passenger and light commercial vehicles

Commercial vehicle maker SML Isuzu has forayed into the electric vehicle business with the launch of Hiroi.ev platform for commercial buses that are expected to be rolled out in the April-June quarter this year, a senior company official said. While admitting the continuing dominance of diesel, petrol, CNG-based vehicles, the company expects the government's sustainability targets and programmes to push demand for EV buses and bring down cost of production with large volumes. "As we introduced our first ever EV bus, I think technology is available and we are ready for implementation. We think this is the right time to roll out EVs. India is one of the most promising markets in the world. Indian government plans for 30 per cent EV penetration in total sales by 2030 will provide us strong support for growth in EV buses," SML Isuzu, MD and CEO, Junya Yamanishi said at Bharat Mobility Global Expo. The company's Hiroi.ev bus platform has been designed for intra and inter-city ...

JBM is mulling various options to acquire the shareholding, including cash as well as a share swap deal, the report added

SML Isuzu zoomed 30 per cent, while Atul Auto rallied 28 per cent in the last two days after the companies reported a sharp surge in total monthly sales for March

Chandigarh-based SML Isuzu also said its costs were rising due to fitting its buses with electronic stability control technology, which helps prevent losing control of a vehicle

The company's passenger vehicles sales more than doubled to 570 units in the month of December 2022, against 218 units sold in last year.