Mahindra & Mahindra Ltd. (M&M) have acquired 58.96 per cent stake in SML Isuzu Ltd. (SML) from Sumitomo Corporation, Japan and Isuzu Motors Limited, the company said in a statement on Saturday.
Mahindra & Mahindra Ltd (M&M) entered into an agreement to acquire 58.96 per cent stake in SML Isuzu Ltd. (SML) at Rs 650 per share, which is an outlay of Rs 555 crore, according to a statement issued by the auto major.
Guwahati (Assam) [India], September 7 (ANI): A massive fire, causing a loss of crores, broke out at a Benelli & Isuzu showroom near Basistha in Assam's Guwahati on Wednesday.
Yokohama [Japan], June 4 (ANI): An automobile exhibition in Yokohama City focused on carbon neutral automobiles and automobile manufacturing firms taking steps to curb carbon emissions.
Chandigarh (Punjab) [India], Sep 14 (ANI): SML Isuzu will keep its chassis division closed for six days due to falling demand for commercial vehicles and rising inventory levels.
New Delhi [India], Feb.9 (ANI): In a key step to ensure vehicle safety and security, Minda iConnect has launched an advanced app that will enable SML Isuzu to enhance their commercial vehicle segment.
Davos [Switzerland] Jan 24 (ANI): Andhra Pradesh Information Technology minister Nara Lokesh on Wednesday marketed Andhra Pradesh in front of investors at a round table conference on 'development of manufacturing sector and action to be taken' organised by the Indian government at Invest Ind