Mahindra & Mahindra will acquire a 58.96% stake in SML Isuzu for ₹555 crore, aiming to expand its presence in the heavy commercial vehicle segment and strengthen its trucks and buses portfolio.

Mahindra & Mahindra acquires majority stake in SML Isuzu to strengthen presence in commercial vehicle segment.

M&M would acquire the entire stake of 43.96% held by Sumitomo Corporation and separately also acquire 15% stake held by Isuzu Motors Ltd.