Mahindra Group completed the acquisition of 58.96% stake in SML Isuzu for $65m.

Mahindra Group, a company operates in diverse industries, completed a 58.96% stake in SML Isuzu, a company engaged in the manufacturing and sale of commercial vehicles, for $65m. “The acquisition of SML Isuzu marks a significant milestone in Mahindra Group's vision of delivering 5x growth in our emerging businesses. This acquisition is aligned with our capital allocation strategy for investing in high potential growth areas which have a strong right to win and have demonstrated operational excellence,” Dr. Anish Shah, Mahindra Group CEO & MD.