The story so far
M&M Truck Bus Sale
Tracked across 2 sources · Updated 15h ago
Mahindra & Mahindra approved selling its Truck & Bus Division to SML Mahindra for Rs 525 crore, simplifying the group's commercial vehicle business. SML shares surged 20%.
How it unfolded
1d ago
SML Mahindra shares hit 20% upper circuit for second straight day
2d ago
M&M board approves sale of truck, bus division to SML for Rs 525 crore
What happened earlier
Latest updates
Latest
Full story →SML Mahindra shares surge 15% on Rs 525 crore slump sale
SML Mahindra share price jumped 15% on Thursday after the company approved the acquisition of Mahindra & Mahindra's Truck & Bus Division via a Rs 525 crore slump sale.
The acquisition aims to create a unified commercial vehicle platform within the Mahindra Group, combining Mahindra Truck & Bus and SML Mahindra.
The transaction was approved by the boards of both companies on July 29, 2026, with a target completion date of January 31, 2027.
The combined entity will have a broader presence across light, intermediate and heavy commercial vehicles, including buses above the 3.5-tonne category.
SML Mahindra shares saw their highest trading volume since July 14, 2025, with over 121.29 lakh shares traded.
Earlier · 18h ago
Full story →SML Mahindra shares hit 20% upper circuit for 2nd straight day: Here's why
SML Mahindra shares hit 20% upper circuit for the second consecutive day.
Mahindra & Mahindra will sell its truck and bus division to SML Mahindra for Rs 525 crore.
The transaction simplifies the Mahindra Group's commercial vehicle structure by consolidating operations under SML Mahindra.
The acquisition price was Rs 525 crore.