Chandigarh, January 24
Cabinet Minister Sanjeev Arora informed that Mahindra & Mahindra is one of India’s leading multinational groups with a strong presence across automotive, farm equipment, financial services, manufacturing, and technology. The Group has a long-standing reputation for building globally competitive industrial platforms and is among India’s largest manufacturers of mobility solutions, with operations spanning domestic and international markets.
Arora further said that Mahindra & Mahindra Ltd. has acquired a 58.96 per cent stake in SML Isuzu Ltd. for approximately ₹555 crore through the purchase of shares from Japan-based Sumitomo Corporation and Isuzu Motors. Following completion of the transaction in August 2025, the company’s Board was reconstituted, and the firm is being renamed SML Mahindra Limited.
Arora highlighted that SML Mahindra Limited is a leading manufacturer of light and medium commercial vehicles (LCVs/MCVs) in India, with a strong presence in trucks, buses, and special-purpose vehicles catering to logistics, passenger transport, and institutional mobility segments.
“The company has already made a substantial investment of approximately ₹500 crore in its manufacturing facility located at Shaheed Bhagat Singh Nagar (Nawanshahr), Punjab. The unit is a fully integrated automobile manufacturing complex comprising vehicle assembly lines, body shop, paint shop, press and machine shop, FRP shop, and a dedicated bus body plant”, he added.
Expansion Plans in Punjab, During discussions with Vinod Sahay, Executive Chairman, SML Mahindra Limited, it was informed that the company has outlined a significant expansion roadmap for Punjab.
