SML Mahindra

July 1 (Reuters) - SML Mahindra Ltd SMLM.NS:

• TOTAL JUNE SALES AT 1930 UNITS; UP 3% YOY

Further company coverage: SMLM.NS

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SML Mahindra Limited announced that Dr. Venkataraman Srinivas will cease as Executive Director and Chief Executive Officer effective June 30, 2026, to take on a new role within the Mahindra Group. Executive Chairman Mr. Vinod Kumar Sahay will assume additional responsibilities starting July 1 until a new CEO is appointed. The board approved the cessation at a meeting held on June 10, 2026. The company did not provide a timeline for the permanent CEO appointment.

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June 10 (Reuters) - SML Mahindra Ltd SMLM.NS:

• SML MAHINDRA - VENKATARAMAN SRINIVAS TO STEP DOWN AS EXECUTIVE DIRECTOR CEO EFFECTIVE JUNE 30, 2026

• SML MAHINDRA - CHAIR VINOD KUMAR SAHAY TO ASSUME ADDITIONAL RESPONSIBILITIES UNTIL NEW CEO APPOINTED

Source text: ID:nBSE8NxHBh

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June 9 - ** Shares of India's SML Mahindra SMLM.NS rise ~3% to 3,827 rupees

** If gains hold, stock is on track for its biggest percentage gain in over two weeks

** The heavy machinery and vehicles company produced 1,729 units of commercial vehicles in May, up 6.8% from a year earlier

** SMLM reported monthly sales of 1,678 units in May vs 1,503 units last year

** The company also recorded a rise in exports to 89 units compared to 40 units in May 2025

** YTD, however, stock is down 4.2%

(Reporting by Saikeerthi in Bengaluru)

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May 1 (Reuters) - SML Mahindra Ltd SMLM.NS:

• APRIL 2026 TOTAL SALES RISE 15% TO 1,741 UNITS

Source text: ID:nBSE5ZrH9n

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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

Further company coverage: SMLM.NS

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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

Further company coverage: SMLM.NS

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

• SML ISUZU LTD - JUNE TOTAL SALES 1871 UNITS

Source text: ID:nnAZN42H47C

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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:]

Further company coverage: MAHM.NS

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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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March 24 (Reuters) - Indian automaker Mahindra & Mahindra MAHM.NS is in talks to buy Japan's Sumitomo Corp's 8053.T entire 44% stake in heavy vehicle-maker SML Isuzu SMLI.NS, CNBC Awaaz reported on Monday, citing sources.

Mahindra is considering offering the Japanese trading firm 1,400 rupees to 1,500 rupees per share, according to the report, which will value SML Isuzu at 20.26 billion rupees ($236 million), as per Reuters calculations.

Shares of SML Isuzu, which manufactures trucks and buses, rose 5.4% to 1,741.20 rupees in Mumbai.

Mahindra's board is likely to meet this week to discuss the proposed deal, the report said. The company makes trucks and SUVs.

"We do not comment on market speculation," Mahindra said.

SML Isuzu did not immediately respond to a request for comment.

Japan's Isuzu 7202.T, which manufactures SUVs and pickup trucks through another entity, owns a 15% stake in SML Isuzu.

($1 = 85.6360 Indian rupees)

(Reporting by Nandan Mandayam in Bengaluru; Editing by Mrigank Dhaniwala)

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

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

• SML ISUZU LTD - YASUSHI NISHIKAWA APPOINTED AS MANAGING DIRECTOR & CEO FOR FIVE YEARS

Source text: ID:nNSE4fFdbC

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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

Further company coverage: SMLI.NS

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