SMLMAH

April 20 (Reuters) - SML Mahindra Ltd SMLM.NS:

• SML MAHINDRA MARCH-QUARTER PROFIT 542 MILLION RUPEES

• SML MAHINDRA MARCH-QUARTER REVENUE FROM OPERATIONS 8.98 BILLION RUPEES

Source text: ID:nnAZN4SROYB

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April 8 (Reuters) - SML Mahindra Limited SMLM.NS:

• MARCH COMMERCIAL VEHICLE SALES AT 2,393 UNITS

Source text: ID:nBSE7VKRpz

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April 1 (Reuters) - SML Mahindra Limited SMLM.NS:

• SML MAHINDRA LIMITED - MARCH TOTAL VEHICLE SALES UP 6% TO 2,457 UNITS

Source text: ID:nBSE18ctTF

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Jan 16 (Reuters) - SML Mahindra Limited SMLM.NS:

• SML MAHINDRA DEC-QUARTER PROFIT 175.4 MILLION RUPEES

• SML MAHINDRA DEC-QUARTER REVENUE FROM OPERATIONS 5.39 BILLION RUPEES

Source text: ID:nBSE2R4cW3

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** Shares of SML Mahindra SMLM.NS rise 4.2% to 4,144 rupees, highest in nearly three months

** Commercial vehicle maker's December sales surge 67% y/y

** Cargo vehicles sales jump 76% y/y, while passenger vehicles sales surge 60%

** Stock rose more than two-fold in value last year

(Reporting by Aleef Jahan in Bengaluru)

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Sept 19 (Reuters) - SML Isuzu Ltd SMLI.NS:

• TAX DEMAND OF 17.2 MILLION RUPEES WAIVED OFF

Source text: ID:nBSE5dr6P7

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Sept 1 (Reuters) - SML Isuzu Ltd SMLI.NS:

• SML ISUZU LTD - TOTAL SALES DOWN 15% IN AUGUST

Source text: ID:nBSEdvVvV

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** Shares of SML Isuzu SMLI.NS jump 10% to record high of 3,685.10 rupees

** Commercial vehicles maker posted a 44% y/y rise in June-quarter profit, rev rises 13%

** Stock set for best day in nearly three weeks

** More than 457,000 shares traded, 2x their 30-day avg

** Stock is up 140% so far in 2025

(Reporting by Nishit Navin in Bengaluru)

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** Shares of SML Isuzu SMLI.NS gain 5.4% to 2,223 rupees; their highest level in 11 months

** SUV and pick-up truck maker's June total sales grew 6.3% y/y; April-June sales rose 12.5%

** About 350,000 shares traded, 5.2x their 30-day avg

** Stock up ~59% so far in 2025

(Reporting by Manvi Pant in Bengaluru)

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June 17 (Reuters) - Mahindra and Mahindra Ltd MAHM.NS:

• INDIA ANTITRUST AGENCY: APPROVES PROPOSED COMBINATION INVOLVING ACQUISITION OF SML ISUZU BY MAHINDRA AND MAHINDRA

Source text: [ID:]

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May 1 (Reuters) - SML Isuzu Ltd SMLI.NS:

• TOTAL VEHICLE SALES INCREASE 43.2% IN APRIL 2025

• APRIL TOTAL SALES AT 1512 UNITS

Source text: ID:nBSEbWkpxg

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** Shares of SML Isuzu SMLI.NS fall as much as 10%, the lower limit of the exchange-allowed trading band, to 1,596.10 rupees

** Indian automaker Mahindra and Mahindra MAHM.NS on Saturday struck a deal to buy majority stake in SML Izusu for 5.55 bln rupees to bolster its truck and bus business

** Purchase price is 650 rupees per share, a 63% discount to SML's closing price of about 1,773.4 rupees on Friday

** Mahindra to also launch a mandatory open offer for an additional stake of up to 26% at 1,554.6 rupees per share

** Co will acquire Sumitomo Corp's 8053.T 43.96% stake and Isuzu Motors' 7202.T 15% stake

** Day's losses trim SMLI's YTD gains so far to 26.5%; MAHM last up 1.1%, cutting YTD losses to 4.8%

(Reporting by Meenakshi Maidas in Bengaluru)

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NEW DELHI, April 26 (Reuters) - India's Mahindra & Mahindra MAHM.NS, known for its muscular SUVs and tractors, said on Saturday it had entered into a deal to buy a 58.96% stake in SML Isuzu SMLI.NS for 5.55 billion rupees ($65.00 million) to bolster its truck and bus business.

The acquisition will double Mahindra's market share in the trucks and buses segment of India's fast-growing economy to 6%, with a plan to raise that to 12% by fiscal year 2031, it said.

Mahindra will buy Japan-based Sumitomo Corp's 8053.T 43.96% stake in SML and Isuzu Motors' 7202.T 15% stake, apart from launching a mandatory open offer for an additional stake of up to 26% in the company, according to local regulations.

The purchase price is 650 rupees per share, a steep discount to SML's closing price of about 1,773.4 rupees on Friday. The stock has risen about 20% this year, partly on speculation about a deal. The open offer will be for 1,554.6 rupees per share.

"The acquisition of SML Isuzu marks a significant milestone in Mahindra Group's vision of delivering 5x growth in our emerging businesses," Mahindra Group CEO Anish Shah said in a statement.

"This acquisition is aligned with our capital allocation strategy for investing in high potential growth areas which have a strong right to win and have demonstrated operational excellence."

($1 = 85.3800 Indian rupees)

(Reporting by Sarita Singh and Krishna N. Das in New Delhi
Editing by Gareth Jones)

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April 16 (Reuters) - SML Isuzu Ltd SMLI.NS:

• YASUSHI NISHIKAWA TO JOIN AS MD, CEO EFFECTIVE APRIL 17, 2025

Source text: ID:nBSE7MzRcR

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April 1 (Reuters) - SML Isuzu Ltd SMLI.NS:

• TOTAL SALES FOR MARCH 2025 INCREASE BY 23.9%

Source text: ID:nBSE3cZSjz

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** India's Ashok Leyland ASOK.NS rises 3% to a three-week high of 216.95 rupees

** Ashok Leyland is in talks for a complete takeover of SML Isuzu, as per a Moneycontrol report

** Ashok Leyland's board to meet on Wednesday, with analyst call scheduled after market hours for a corporate update, as per exchange disclosure

** Shares of SML Isuzu SMLI.NS rise 3.5%

** Mahindra & Mahindra MAHM.NS was also in talks with Japan's Sumitomo Corp 8053.T to buy its 44% stake in SMLI, according to a report on Monday

** Over 8.4 million ASOK shares traded on the day, surpassing six-month avg daily volume

** Analysts' avg rating on Ashok Leyland is "buy", median PT at 252 rupees, as per data compiled by LSEG

** ASOK down 1.6% YTD, while SMLI up 19.4%

(Reporting by Vivek Kumar M)

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** Shares of automaker SML Isuzu SMLI.NS rise as much as 8.2% to 1,787 rupees, their highest point since November 11

** Mahindra and Mahindra MAHM.NS is in talks to buy the entire stake of controlling shareholder in SMLI, and looking at a valuation of 1,400 rupees-1,500 rupees apiece, CNBC Awaaz reported, citing sources

** Sumitomo Corporation is the sole controlling shareholder of SMLI having a 43.96% stake in the co

** Stock on track for a fifth consecutive session of gains, if trend holds

** Stock witnesses its most active trading session since February 26, 2024, with more than 521,000 shares change hands, 11.4x of 30-day avg

** SMLI stock up 26%, YTD

(Reporting by Ashish Chandra in Bengaluru)

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March 21 (Reuters) - SML Isuzu Ltd SMLI.NS:

• SML ISUZU LTD - JUNYA YAMANISHI RESIGNS AS MANAGING DIRECTOR & CEO EFFECTIVE 16TH APRIL 2025

Source text: ID:nBSE6vgt1M

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March 12 (Reuters) - SML Isuzu Ltd SMLI.NS:

• GETS ORDER WORTH 247.1 MILLION RUPEES

• ORDER RECEIVED BY THE COMPANY FROM DEPARTMENT OF MILITARY AFFAIRS

Source text: [ID:]

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** SML Isuzu SMLI.NS jumps 10%; set to snap five-day losing streak

** Co posts 27.5% y/y jump in February vehicle sales, driven by strong sales of passenger vehicles

** More than 100,000 shares traded, 6x the avg vol seen in last six months

** SMLI among top auto stocks to gain on the day

** Auto .NIFTYAUTO index, of which co not a part, fails to hold early gains, falls 0.5% on broad-based weakness in market

** YTD, SMLI down 17%

(Reporting by Vivek Kumar M)

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Feb 1 (Reuters) - SML Isuzu Ltd SMLI.NS:

• SML ISUZU – JAN TOTAL SALES AT 1025 UNITS

Source text: ID:nBSEbQhQw5

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Jan 2 (Reuters) - SML Isuzu Ltd SMLI.NS:

• GETS TAX ORDER WITH DEMAND OF 17.1 MILLION RUPEES

Source text: ID:nNSE5Lff40

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Jan 1 (Reuters) - SML Isuzu Ltd SMLI.NS:

• SML ISUZU LTD - TOTAL DECEMBER 2024 SALES DOWN 33.8% YOY

Source text: ID:nBSEbVvVm1

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Dec 2 (Reuters) - SML Isuzu Ltd SMLI.NS:

• SML ISUZU – NOV TOTAL SALES AT 539 UNITS

Source text: ID:nBSE7g4WRC

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Nov 21 (Reuters) - SML Isuzu Ltd SMLI.NS:

• SML ISUZU LTD - TAX AUTHORITY PROPOSES ADJUSTMENT OF 1.61 BILLION RUPEES ALONG WITH PENALTY PROCEEDINGS

Source text: ID:nNSE50mz8W

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** SML Isuzu SMLI.NS slips 3.2% to 1,727 rupees

** SUV and pick-up truck maker reports nearly flat Q2 profit of 218 mln rupees ($2.5 mln) y/y

** Rev up 10.4% to 5.51 bln rupees vs a year ago

** SMLI up 30.3% YTD vs auto index's .NIFTYAUTO 27.8% rise

($1 = 84.3800 Indian rupees)

(Reporting by Sethuraman NR in Bengaluru)

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** Shares of India's SML Isuzu SMLI.NS down 1.3% at 1784.5 rupees

** Automaker sold a total of 801 vehicles in October, an 8.2% decrease y/y

** After release of monthly sales data, co logged 0.1% gains in special one-hour Diwali trading session

** Stock's drop on the day tracks broader weakness; Indian benchmarks .NSEI, .BSESN decline 1.8% each .BO

** YTD SMLI had risen 35%

(Reporting by Hritam Mukherjee in Bengaluru)

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Oct 1 (Reuters) - SML Isuzu Ltd SMLI.NS:

• SEPT TOTAL SALES AT 1055 UNITS VERSUS 872 UNITS YEAR AGO

Source text for Eikon: ID:nBSEQs0Fn

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Sept 25 (Reuters) - SML Isuzu Ltd SMLI.NS:

• APPOINTED C S VERMA AS CHAIRMAN

Source text for Eikon: ID:nBSE82J9W5

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July 1 (Reuters) - SML Isuzu Ltd SMLI.NS:

• JUNE TOTAL SALES UP 37.9% Y/Y

Source text for Eikon: ID:nBSE4p7TTf

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