The Board of Directors of SML Mahindra Limited (SML) has approved the acquisition of Mahindra Truck & Bus Division (“MTBD”) from Mahindra & Mahindra Limited (M&M) on a slump sale basis. The transaction is expected to be completed during FY2027. The acquisition marks a significant milestone in SML’s growth journey and represents a strategic step […]
In a landmark development for India’s commercial vehicle industry, SML Mahindra Ltd. — formerly SML Isuzu Ltd. — joined hands with the Mahindra Truck and Bus Division (MTBD) to host a Joint Financiers Meet at Mahindra Towers, Worli, Mumbai. The event marked the first collaborative initiative following SML Mahindra’s integration with the Mahindra Group, symbolising […]
Mahindra’s Truck and Bus Division (MTBD) has inaugurated its 78th dealer outlet in the country, Sunrise Truck and Bus, a state-of-the-art dealership in Ayodhya, Uttar Pradesh. Speaking on the occasion, Jalaj Gupta, Business Head – Commercial Vehicles, Mahindra & Mahindra Ltd. said, “The ongoing growth of the Indian CV market provides an opportunity for MTBD […]
Since there is a bounce-back across all important industry segments with the opening up of markets and increase in demand in hub-and-spoke distributions, FY22 looks optimistic, according to G P Randhawa of Randhawa Motors Randhawa Motors, a division of Randhawa Automobile Engineering (P) Ltd., has been an authorised dealer for Mahindra Truck and Bus Division […]