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

Vinod Sahay, Chairman of SML Mahindra said the company plans to retain both Mahindra and SML brands while using shared ...

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 ...

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

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

Mahindra & Mahindra (M&M) on Wednesday said the board of SML Mahindra has approved the acquisition of its Mahindra Truck and Bus Division (MTBD) for ₹525 crore through a slump sale, ...

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 ...

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