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.
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.