Latest news with #SMLIsuzu
Business Standard
6 days ago
- Automotive
- Business Standard
SML Isuzu May'25 sales dip 1% YoY
SML Isuzu said that it sold 1,543 units in May 2025, registering a de-growth of 1.3% from 1,563 units sold in the same period last year. Cargo vehicle sales surged 29.9% to 413 units in May 2025 as against 318 units sold in May 2024. The company sold 1,130 units of passenger vehicles in May 2025, down 9.2% YoY. SML Isuzu is primarily engaged in the business of the manufacture and sale of commercial vehicles and their parts. The company's consolidated net profit advanced 1.2% to Rs 52.95 crore, while revenue from operations rose 13.51% to Rs 771.38 crore in Q4 March 2025 over Q4 March 2024. Shares of SML Isuzu rose 0.84% to Rs 1,901.40 on the BSE.
Business Standard
30-05-2025
- Automotive
- Business Standard
SML Isuzu gains after Q4 PAT rises 1% YoY to Rs 53 cr
SML Isuzu rose 3.57% to Rs 1,901.90 after the company's consolidated net profit advanced 1.2% to Rs 52.95 crore, while revenue from operations rose 13.51% to Rs 771.38 crore in Q4 March 2025 over Q4 March 2024. Profit before tax (PBT) stood at Rs 71.14 crore in Q4 FY25, up 41.15% year-on-year and up 9385.33% quarter-on-quarter. Total expenses rose 11.21% to Rs 701.96 crore in Q4 FY25 over Q4 FY24. During the quarter, the cost of materials consumed stood at Rs 539.59 crore (up 8.33% YoY), while employee benefits expense was at Rs 52.66 crore (up 4.46% YoY). The company's net profit zoomed 9890.57%, while net sales jumped 132.48% in Q4 March 2025 over Q3 December 2024. For the full year FY25, revenue from operations rose 9.25% to Rs 2,405.05 crore, while net profit fell 12.78% to Rs 121.67 crore. Meanwhile, the board recommended a final dividend of Rs 18 per equity share (fully paid-up equity share of Rs 10 each) for the financial year ended 31 March 2025. SML Isuzu is primarily engaged in the business of the manufacture and sale of commercial vehicles and their parts.
Time of India
10-05-2025
- Automotive
- Time of India
Mahindra seeks CCI nod to acquire majority stake in SML Isuzu
Mahindra & Mahindra (M&M) has sought approval from the Competition Commission of India to acquire majority stake in commercial vehicle maker SML Isuzu. The company had earlier announced that it would acquire 58.96 per cent stake in SML Isuzu for Rs 555 crore. "The proposed combination relates to acquisition of shareholding by the acquirer (M&M) in the target (SML Isuzu Ltd)," a notice filed with the Competition Commission of India (CCI) said on May 5. The proposed combination is notified under section 5(a)(i)(A) of the Competition Act, 2002, it added. M&M is the flagship company of the Mahindra group, which is engaged in various sectors such as automotive, farm equipment, financial services, IT aerospace, real estate & infrastructure, logistics and hospitality. For the assessment of CCI, the parties said "the proposed combination will not lead to any change in the competitive dynamics, let alone cause any appreciable adverse effect on competition in India, delineation of a relevant market can be left open". On April 26, the Mumbai-based automaker said that it will acquire the entire stake of 43.96 per cent held by Sumitomo Corporation, promoter of SML, and separately acquire a 15 per cent stake held by Isuzu Motors Ltd, public shareholder of SML, for an aggregate consideration of Rs 555 crore. Besides, the automaker will make an open offer to acquire a 26 per cent stake in SML Isuzu in accordance with Sebi Takeover Regulations, it added. Incorporated in 1983, SML Isuzu has a presence in the trucks and buses segment.
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Business Standard
09-05-2025
- Automotive
- Business Standard
Mahindra seeks CCI approval to acquire 59% stake in SML Isuzu for ₹555 cr
Mahindra & Mahindra (M&M) has sought approval from the Competition Commission of India to acquire majority stake in commercial vehicle maker SML Isuzu. The company had earlier announced that it would acquire 58.96 per cent stake in SML Isuzu for Rs 555 crore. "The proposed combination relates to acquisition of shareholding by the acquirer (M&M) in the target (SML Isuzu Ltd)," a notice filed with the Competition Commission of India (CCI) said on May 5. The proposed combination is notified under section 5(a)(i)(A) of the Competition Act, 2002, it added. M&M is the flagship company of the Mahindra group, which is engaged in various sectors such as automotive, farm equipment, financial services, IT aerospace, real estate & infrastructure, logistics and hospitality. For the assessment of CCI, the parties said "the proposed combination will not lead to any change in the competitive dynamics, let alone cause any appreciable adverse effect on competition in India, delineation of a relevant market can be left open". On April 26, the Mumbai-based automaker said that it will acquire the entire stake of 43.96 per cent held by Sumitomo Corporation, promoter of SML, and separately acquire a 15 per cent stake held by Isuzu Motors Ltd, public shareholder of SML, for an aggregate consideration of Rs 555 crore. Besides, the automaker will make an open offer to acquire a 26 per cent stake in SML Isuzu in accordance with Sebi Takeover Regulations, it added. Incorporated in 1983, SML Isuzu has a presence in the trucks and buses segment.
Time of India
06-05-2025
- Automotive
- Time of India
Mahindra open to strategic alliances to drive M&HCV growth
Even as Mahindra & Mahindra ( M&M ) advances its acquisition of SML Isuzu to strengthen its presence in the intermediate and light commercial vehicle (I&LCV) space, the company is also actively exploring opportunities to scale up in the medium and heavy commercial vehicle (M&HCV) segment. This strategic push comes as global players increasingly view India as a key hub of opportunities, driven by shifting geopolitical dynamics. Responding to an ETAuto question about a possible strategic tie-up to boost its M&HCV business, Rajesh Jejurikar, Executive Director and CEO (Auto & Farm Sector), said the segment is now considered a "scalable growth gem" for the company. 'We will look at every opportunity to grow. If there is a possibility to collaborate and build momentum in this segment, we are completely open to it,' Jejurikar said, during a media conference call. 'It is now firmly in the category of a growth gem, and we intend to invest in scaling the business.' However, he acknowledged that gaining market share in the M&HCV space remains a challenge. 'We are very mindful that market share gains in this segment don't come easy.' Currently, the auto major holds a 3 per cent share in the M&HCV segment, a market dominated by players like Tata Motors and Ashok Leyland. The company aims to grow its share to 5 per cent by 2030. For Mahindra, a collaboration would offer access to critical technological capabilities from a global partner, creating a mutually beneficial, win-win scenario. Betting big on LMM business The Mumbai-headquartered automaker is also betting big on another of its 'growth gems'-- its Last Mile Mobility (LMM) business– where it is targeting a 2X to 3X growth trajectory. Jejuriker said the growth strategy includes a strong push for electric vehicles (EVs), expanding beyond three-wheelers to potentially include four-wheelers within the last mile mobility category. 'We believe exports will present a significant growth opportunity, and it will be a key area of focus going forward,' he added.
