As compared to the previous quarter, the revenue declined by 22.56%. The Selling, general & administrative expenses rose by 4.7% q-o-q & increased by 16.64% Y-o-Y. The operating income was down by ...

Mahindra & Mahindra has acquired a 59% stake in commercial vehicle manufacturer SML Isuzu for Rs 555 crore via its subsidiary Mahindra Trucks and Buses Division. Through the acquisition, Mahindra & ...

SML Isuzu Acquisition: Anand Mahindra's Mahindra & Mahindra is set to acquire 58.96 per cent stake in SML Isuzu, a commercial vehicle manufacturing company. The acquisition will be done for Rs 555 ...

Mahindra & Mahindra Ltd. (M&M) has successfully acquired a 58.96 per cent controlling stake in SML Isuzu Ltd. Following the takeover, the company has been renamed SML Mahindra Limited. The strategic ...

The SML Isuzu acquisition is strategically aimed at growing market share in the truck and bus segments, while also achieving greater cost efficiencies in the tractor segment, said Mahindra & Mahindra ...

Mahindra & Mahindra Ltd. (M&M) have acquired 58.96 per cent stake in SML Isuzu Ltd. (SML) from Sumitomo Corporation, Japan and Isuzu Motors Limited, the company said in a statement on Saturday. As ...

Along with EVs, the SML Isuzu stake buy will also give Mahindra an opportunity to enter the CNG commercial vehicle market. Mumbai: Mahindra & Mahindra (M&M) has made major bets on electrification of ...

Indian automaker Mahindra & Mahindra Ltd (M&M) has completed the acquisition of a 58.96 per cent stake in SML Isuzu Ltd from Sumitomo Corporation, Japan and Isuzu Motors Ltd, Japan. The company will ...

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