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Mahindra consolidates truck and bus units into SML Mahindra for Rs 525 crore

Mahindra & Mahindra logoMahindra & Mahindra
Sig4.70Sen+3.05Env+1.60Soc+0.90Gov+1.10
Larsen & Toubro logoLarsen & Toubro
Sig2.60Sen+3.20Env+1.80Soc+0.60Gov0.00

Mahindra Group will consolidate its truck and bus business by transferring the Mahindra Truck and Bus Division to SML Mahindra for Rs 525 crore, creating India’s fourth-largest commercial vehicle maker. SML Mahindra’s electric three-wheeler arm entered the unicorn club after a funding round. July passenger dispatches rose above 4.6 lakh units as the government clarified E20 petrol needs no engine modifications, though some BS III vehicles may need rubber components replaced during routine servicing.

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