BusinessDalal Street Investment Journal
Mahindra sells truck & bus division to SML Mahindra for Rs 525
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Mahindra & Mahindra's board approved the transfer of its Truck & Bus Division to listed subsidiary SML Mahindra for Rs 525 crore.
The deal aims to create a unified commercial vehicle business within the Mahindra Group, covering light, intermediate, and heavy commercial vehicles and buses.
The Truck & Bus Division generated Rs 2,989 crore total income in FY26, about 2.02% of M&M's total income.
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