Mahindra & Mahindra (M&M) is set to acquire a majority stake in commercial vehicle maker SML Isuzu Limited (SML). M&M will purchase shares from Sumitomo Corporation and Isuzu Motors Ltd for a total of Rs 554.65 crore. This acquisition aims to bolster M&M's presence in the >3.5T CV segment, targeting a significant increase in market share by FY36.
from Auto-Industry-Economic Times https://ift.tt/x3NfiVl
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