SML Mahindra's board on Wednesday approved the acquisition of the Mahindra Truck and Bus Division from parent Mahindra & Mahindra.

Mahindra is using the merged SML Mahindra entity and two new truck engines to break into heavier commercial vehicle segments ...

Mahindra aims to boost its commercial vehicle market share to 10-12% by FY31 through the SML acquisition and new product ...

SML Mahindra acquires Mahindra Truck and Bus Division for ₹525 crore, boosting shares by 20% and enhancing commercial vehicle ...

Executed on a slump sale basis, the deal shifts assets, personnel, licenses, and liabilities to SML Mahindra, M&M said in an exchange filing ...

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SML Mahindra has a strong heritage and pan-India presence in the trucks & buses segment. The company has a market capitalisation of more than ₹6,600 crore.

Leading private equity firms FountainVest and CPE join as investors, reflecting strong confidence in SML's strategic direction and future growth SML continues to advance its core capabilities for ...

The company also recorded growth in commercial vehicle production during the month. Production stood at 1,458 units in July, ...

Merger simplifies group’s commercial vehicle business structure, says Group CEO & MD Anish Shah; SML Mahindra aims for 12 percent market share and Rs12,500 crore revenue by FY31 ...