India's Mahindra to buy 59% stake in SML Isuzu for $65m

India's Mahindra to buy 59% stake in SML Isuzu for $65m

FILE PHOTO: A man stands next to a screen displaying Mahindra's logo at Bharat Mobility Global Expo organised by India's commerce ministry at Pragati Maidan in New Delhi, India, February 1, 2024. REUTERS/Anushree Fadnavis/File Photo

India’s Mahindra & Mahindra, 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 for 5.55 billion rupees ($65.00 million) to bolster its truck and bus business.

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