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

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

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

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

Production increased 11% year-on-year to 1,458 units from 1,311 units. Exports rose 74% to 82 units in July, compared with 47 ...

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 ...

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, ...