The Hindu·3 min read·medium
Mahindra to integrate truck, bus manufacturing under SML Mahindra
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Lalatendu Mishra
✦AI Summary
Mahindra & Mahindra is consolidating its truck and bus manufacturing operations by transferring the division to its subsidiary, SML Mahindra, in a deal valued at ₹525 crore. This strategic move aims to create a unified commercial vehicle entity to improve market focus and operational efficiency.
The Board of Directors of SML Mahindra Limited (SML) on Wednesday (July 29, 2026) approved the acquisition of Mahindra Truck and Bus Division (MTBD) from Mahindra & Mahindra Limited (M&M) as a going concern through a slump sale for ₹525 crore, subject to working capital adjustments.
businesseconomy
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