SML Mahindra said its board has approved the acquisition of Mahindra Truck and Bus Division from Mahindra & Mahindra on a slump sale basis, in a move aimed at consolidating the group’s truck and bus businesses under one focused company. The transaction is expected to be completed during FY27, the company said in a statement on Wednesday.
The acquisition will bring Mahindra Group’s commercial vehicle operations across light, intermediate and heavy trucks, as well as buses, under SML Mahindra. The combined business will focus on the above-3.5 tonne commercial vehicle segment.
