M&M in Talks to Acquire Sumitomo’s Stake in SML Isuzu, Expanding into Trucks and Buses Segment
Mahindra & Mahindra (M&M) is reportedly in discussions to acquire Japan-based Sumitomo Corporation’s entire stake in heavy vehicle manufacturer SML Isuzu, according to a March 24 report by CNBC-Awaaz. The potential deal is expected to strengthen M&M’s presence in the trucks and buses segment. Sources indicate that M&M is considering a valuation of ₹1,400-1,500 per…
