SMLISUZU

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

Further company coverage: SMLI.NS

(([email protected];))

** 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)

(([email protected];))

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)

(([email protected]; https://twitter.com/krishnadas56 ;))

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

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

Source text: ID:nBSE7MzRcR

Further company coverage: SMLI.NS

(([email protected];;))

** Shares of SML Isuzu surge 7% to 1,680 rupees

** SUV and pick-up truck maker reports24% year-on-year rise in March sales

** Stock was down around 3% before the announcement

** More than 121,000 shares traded as of 2:40 p.m. IST, vs 30-day avg of 78,000 shares

** SMLI up 20% so far in 2025

(Reporitng by Nishit Navin)

(([email protected];))

** 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)

(([email protected];))

March 24 (Reuters) - ** India's Nifty 50 .NSEI set to erase year-to-date losses

** Benchmark index climbs 5.6% in six sessions

** Nifty and BSE Sensex .BSESN had dropped as much as 16.4% and 15.5% this year, respectively, from their peaks in late-September.

** Signs of foreign portfolio investors (FPI) turning buyers and continued bargain buying aiding momentum, say analysts

** Volatility index .NIFVIX set for biggest intraday jump since January 6

** "While the recent rebound may signal a shift in market momentum, global uncertainties—including geopolitical tensions and tariff-related disruptions—remain key risks," says Mahendra Patil, founder and MD of MP Financial Advisory Services

** On the day, Nifty rises 1.2%, Sensex adds 1.3%

** Financials .NIFTYFIN, which have relatively high FPI-ownership, up nearly 2%; index contributes around 57% to Nifty's gains on the day

** Kotak Mahindra Bank KTKM.NS jumps nearly 5% to highest level since October 2021; appoints Bhavnish Lathia as new CTO

** SML Isuzu SMLI.NS rises 6% on reports Mahindra & Mahindra MAHM.NS in talks to buy controlling stake

(Reporting by Vivek Kumar M)

(([email protected];))

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

Further company coverage: SMLI.NS

(([email protected];;))

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:]

Further company coverage: SMLI.NS

(([email protected];;))

** 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)

(([email protected];))

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

• SML ISUZU – JAN TOTAL SALES AT 1025 UNITS

Source text: ID:nBSEbQhQw5

Further company coverage: SMLI.NS

(([email protected];;))

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

• GETS TAX ORDER WITH DEMAND OF 17.1 MILLION RUPEES

Source text: ID:nNSE5Lff40

Further company coverage: SMLI.NS

(([email protected];))

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

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

Source text: ID:nBSEbVvVm1

Further company coverage: SMLI.NS

(([email protected];))

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

• SML ISUZU – NOV TOTAL SALES AT 539 UNITS

Source text: ID:nBSE7g4WRC

Further company coverage: SMLI.NS

(([email protected];))

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

(([email protected];))

** 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)

(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))

** 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)

(([email protected];))

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

Further company coverage: SMLI.NS

(([email protected];;))

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

• APPOINTED C S VERMA AS CHAIRMAN

Source text for Eikon: ID:nBSE82J9W5

Further company coverage: SMLI.NS

(([email protected];;))

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

• JUNE TOTAL SALES UP 37.9% Y/Y

Source text for Eikon: ID:nBSE4p7TTf

Further company coverage: SMLI.NS

(([email protected];))

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

• APRIL TOTAL SALES AT 1056 UNITS VERSUS 1437 UNITS YEAR AGO

Source text for Eikon: ID:nBSE9DynrT

Further company coverage: SMLI.NS

(([email protected];;))

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

• SML ISUZU – MARCH TOTAL SALES AT 1868 UNITS VERSUS 2169 UNITS YEAR AGO

Source text for Eikon: ID:nBSE2lsnnq

Further company coverage: SMLI.NS

(([email protected];))

March 15 (Reuters) - SML Isuzu Ltd SMLI.NS:

• EXTENDED TENURE OF RAKESH BHALLA AS CFO

Source text for Eikon: ID:nNSE3TRqQL

Further company coverage: SMLI.NS

(([email protected];))

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

• FEB TOTAL SALES AT 1010 UNITS VERSUS 953 UNITS YEAR AGO

Source text for Eikon: ID:nBSE98jptS

Further company coverage: SMLI.NS

(([email protected];))

Feb 29 (Reuters) - SML Isuzu Ltd SMLI.NS:

• RECEIVED ORDER FROM INCOME TAX DEPARTMENT

• ORDER FOR PENALTY OF 1.2 MILLION RUPEES

• CO WILL FILE APPEAL AGAINST ORDER FROM INCOME TAX DEPARTMENT

Source text for Eikon: ID:nBSE53WnFH

Further company coverage: SMLI.NS

(([email protected];))

Feb 9 (Reuters) - SML Isuzu Ltd SMLI.NS:

• SML ISUZU DEC-QUARTER PROFIT 26.8 MILLION RUPEES VERSUS LOSS 1.3 MILLION RUPEES

• SML ISUZU DEC-QUARTER REVENUE FROM OPERATIONS 3.86 BILLION RUPEES VERSUS 3.28 BILLION RUPEES

Source text for Eikon: ID:nBSE3btPY5

Further company coverage: SMLI.NS

(([email protected];))

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

• SML ISUZU – JAN TOTAL SALES AT 1320 UNITS VERSUS 771 UNITS YEAR AGO

Source text for Eikon: ID:nBSE1C28yc

Further company coverage: SMLI.NS

(([email protected];))

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

• SML ISUZU LTD – DEC TOTAL SALES AT 946 UNITS VERSUS 959 UNITS YEAR AGO

• SML ISUZU LTD- TOTAL DEC SALES DOWN 1%

Source text for Eikon: ID:nBSE7fV9yV

Further company coverage: SMLI.NS

(([email protected];))

Dec 13 (Reuters) - SML Isuzu Ltd SMLI.NS:

• ASSESSMENT ORDER HAS BEEN ISSUED BY EXCISE & TAXATION DEPARTMENT FOR FY 2016-17

Source text for Eikon: ID:nBSE7mB7XL

Further company coverage: SMLI.NS

(([email protected];))

** Shares of Indian automaker SML Isuzu SMLI.NS fall as much as 5.7% to lowest in nearly two weeks at 1445.5 rupees

** Stock posts its sharpest intraday pct loss since Nov 3

** Co says its total vehicle sales for November was at 647 unit, down 11% Y/Y

** SMLI's Nov passenger vehicles and cargo vehicles sales was down 13% and 9%, respectively

** More than 64,000 shares change hands by 12:51 p.m. IST, while 30-day avg of 82,125 shares

** Stock down 5.2% as of 12:51 p.m. IST, trimming YTD gains to ~113%

(Reporting by Anuran Sadhu in Bengaluru)

(([email protected] ;))