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. He further said that Mahindra & Mahindra Ltd. has acquired a 58.96% 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. The company has already made a substantial investment of approximately ₹500 crore in its manufacturing facility located at Shaheed Bhagat Singh Nagar (Nawanshahr), Punjab. Expansion Plans in Punjab, During discussions with Mr. Vinod Sahay, Executive Chairman, SML Mahindra Limited, it was informed that the company has outlined a significant expansion roadmap for Punjab.

Source: News 24 January 26, 2026 06:37 UTC