Latest news with #SMLIsuzu
Hindustan Times
7 days ago
- Automotive
- Hindustan Times
Mahindra BE 6 and XEV 9e Pack Two deliveries begin across India. Check details
The deliveries of Pack Two trim level, which is the mid spec variant of both the Mahindra BE 6 and the XEV 9e have commenced PAN India. Both the electric SUVs were launched in November 2024, while the deliveries of the Pack Three and Pack Three Select variants began in March and June 2025 respectively. The prices for the Mahindra BE 6 Pack Two starts at ₹ 22.65 lakh for the 59 kWh option, while the 79 kWh version is priced at ₹ 24.25 lakh. Meanwhile, the Mahindra XEV 9e Pack Two 59 kWh option is priced at ₹ 25.65 lakh and the 79kWh option is priced at ₹ 27.25 lakh. The prices for the Mahindra BE 6 Pack Two starts at ₹22.65 lakh for the 59 kWh option, while the 79 kWh version is priced at ₹24.25 lakh. Meanwhile, the Mahindra XEV 9e Pack Two 59 kWh option is priced at ₹25.65 lakh and the 79kWh option is priced at ₹27.25 lakh. All the prices are ex-showroom. Mahindra BE 6 and XEV 9e Pack Two: Specs According to MIDC (Part 1 + Part 2) range estimates, the 79 kWh battery enables a range of up to 656 km in the XEV 9e and 682 km in the BE 6. In comparison, the 59 kWh battery delivers a range of 542 km for the XEV 9e and 535 km for the BE 6. Both battery configurations come with a single electric motor setup. The larger battery variant produces 282 bhp of power, while the smaller unit delivers 228 bhp. Torque output remains consistent at 380 Nm across both versions. Power is sent to the rear wheels, as both models feature a rear-wheel-drive (RWD) drivetrain. Also Read : Mahindra acquires 59% controlling stake in SML Isuzu Mahindra BE 6 and XEV 9e Pack Two: Design and features Mahindra's Pack Two variants of the XEV 9e and BE 6 come with a fairly loaded set of exterior and interior features. On the outside, both models get full LED lighting — including headlamps, fog lamps with a cornering function, DRLs, and tail lamps. The 19-inch alloy wheels get aero inserts, and there are illuminated logos that add a bit of flair, especially at night. Step inside, and the cabin leans toward a tech-forward and comfortable layout. Both cars use leatherette upholstery, while the display setup differs slightly: the BE 6 features a pair of 12.3-inch screens, whereas the XEV 9e goes a step further with a triple-screen layout. Features like dual-zone automatic climate control with rear AC vents, a wireless phone charger, a fixed panoramic roof, and powered ventilated front seats are included to enhance day-to-day usability. Convenience features such as an auto-dimming inside rearview mirror, rain-sensing wipers, and push-button start/stop are also part of the package. Also watch: Look at the new Mahindra BE 6 Pack Two variant! More features and tech at an accessible price point. On the safety side, both EVs boast six airbags, front and rear parking sensors, disc brakes on all four wheels, a rear-view camera, and an electronic park brake with auto hold. There is also advanced safety tech in the form of Level-2 ADAS capabilities that include features like lane keep assist and driver fatigue warning — a nod to how much driver-assist systems are finding their way into even non-premium segments. Check out Upcoming Cars in India 2025, Best SUVs in India. First Published Date:
Time of India
02-08-2025
- Automotive
- Time of India
Mahindra acquires controlling stake in SML Isuzu, rebrands it as SML Mahindra
Mahindra & Mahindra (M&M) has officially completed the acquisition of a 58.96 per cent controlling stake in SML Isuzu Ltd. from Sumitomo Corporation and Isuzu Motors, marking a significant move to strengthen its presence in the commercial vehicle (CV) segment. Following this acquisition, M&M will initiate a mandatory open offer to acquire up to 26 per cent from public shareholders, as per SEBI regulations. The deal was struck at ₹650 per share, with M&M investing ₹555 crore in total. Consequent to the deal, SML Isuzu's Board has been reconstituted. Vinod Sahay, President – Aerospace & Defence, Trucks, Buses & Construction Equipment at Mahindra Group , has been appointed Executive Chairman of SML Isuzu. Dr. Venkat Srinivas has taken over as Executive Director and CEO of the company, effective August 1, 2025. Rebranding and future plans The Board has also approved a proposal to rename the company to SML Mahindra Limited , pending regulatory approvals. M&M aims to more than double its market share in the medium and heavy CV segment—from the current 3 per cent to 6 per cent post-acquisition, and further to 10-12 per cent by FY31 and over 20 per cent by FY36. This aligns with its strategy to complement its strong 54.2 per cent share in the sub-3.5T LCV market. SML Isuzu, established in 1983, holds a strong position in the intermediate and light commercial vehicle (ILCV) bus market, commanding around 16 per cent share. The partnership with Mahindra is expected to unlock new synergies, leveraging Mahindra's scale and SML's strong dealer network and legacy. The leadership team brings deep expertise to steer the company through this transition. Sahay, a veteran of the Mahindra Group and formerly with Tata Motors, has held multiple leadership roles in commercial vehicles and defence. Dr. Srinivas, a seasoned R&D leader, has been instrumental in developing Mahindra's key CV platforms like Blazo, Furio, and Zeo EV.
Hindustan Times
02-08-2025
- Automotive
- Hindustan Times
Mahindra acquires 59% controlling stake in SML Isuzu
Mahindra & Mahindra (M&M) has announced that the company has acquired a 58.96 per cent take in SML Isuzu, expanding its presence in the commercial vehicle segment. The Indian auto giant has acquired the stake from Sumitomo Corporation, Japan, and Isuzu Motors Limited, Japan. The CV giant will be renamed 'SML Mahindra Limited', subject to regulatory approvals. Mahindra Acquires SML Isuzu The board of directors has appointed Vinod Sahay, President – Aerospace & Defence, Trucks, Buses & CE – Mahindra Group, as Executive Chairman of SML Isuzu, effective August 3, 2025. Dr. Venkat Srinivas has been appointed as the Executive Director & Chief Executive Officer of SML Isuzu Ltd., effective August 01, 2025. Also check these Cars Find more Cars UPCOMING Mahindra XUV500 2025 2179 cc 2179 cc Diesel Diesel ₹ 12 Lakhs Alert Me When Launched UPCOMING Mahindra e20 NXT 15 kWh 15 kWh 140 km 140 km ₹ 6 - 8 Lakhs Alert Me When Launched UPCOMING Mahindra Thar E 75 kWh 75 kWh 400 km 400 km ₹ 25 Lakhs Alert Me When Launched Mahindra XUV700 2184 cc 2184 cc Multiple Multiple ₹ 14.49 Lakhs Compare View Offers Mahindra Thar 2184 cc 2184 cc Multiple Multiple ₹ 11.50 Lakhs Compare View Offers Mahindra Scorpio Classic 2184 cc 2184 cc Diesel Diesel ₹ 13.77 Lakhs Compare View Offers As part of the transaction, Mahindra will launch a mandatory open offer for acquisition of up to 26 per cent stake from eligible public shareholders of SML in accordance with the SEBI Takeover Regulations. Mahindra entered into the agreement to acquire SML Isuzu in April this year at ₹650 per share, representing a total investment of ₹555 crore. The move will help Mahindra establish a strong presence in the 3.5 tonne and above segment, where the company has a 3 per cent market share at present. Meanwhile, it has a 54.2 per cent market share in the sub-3.5 tonne LCV segment. The acquisition aims to double the brand's market share to 6 per cent with a plan to increase the same to 10-12 per cent by FY2031, and 20 per cent by FY2036. Get insights into Upcoming Cars In India, Electric Vehicles, Upcoming Bikes in India and cutting-edge technology transforming the automotive landscape. First Published Date:
Economic Times
02-08-2025
- Automotive
- Economic Times
Mahindra & Mahindra acquires majority stake in SML Isuzu for Rs 555 cr
Agencies Mahindra & Mahindra SML Isuzu Mahindra & Mahindra (M&M) has acquired 58.96% controlling stake in SML Isuzu with a total investment of INR 555 crore. SML Isuzu Ltd. will be renamed to 'SML Mahindra Limited' after regulatory April 2025, M&M entered into an agreement to acquire a 58.96% equity stake in SML at Rs 650 per share, representing a total investment of Rs 555 crore."It is a big step for M&M towards establishing a strong presence in the >3.5T Commercial vehicles (CV) segment, where the company has a 3% market share presently, as compared to a 54.2% market share in the Sub-3.5 tonne LCV segment," the company acquisition is said to double the market share to 6%, with company's plan to increase this to 10% - 12% by FY31 and 20%+ by FY36. As part of the transaction, M&M would acquire the entire stake of 43.96% held by Sumitomo Corporation, promoter of SML, and separately also acquire 15% stake held by Isuzu Motors Ltd, for an aggregate consideration of INR 555 crore. M&M would also launch a mandatory open offer for acquisition of up to 26% stake from eligible public shareholders of SML in accordance with the SEBI Takeover Regulations. Mahindra & Mahindra Ltd. has appointed Vinod Sahay as Executive Chairman of SML Isuzu w.e.f. August 3 and Dr. Venkat Srinivas as the Executive Director & Chief Executive Officer of SML Isuzu Ltd w.e.f. from August Sahay will continue to serve as President – Aerospace & Defence, Trucks, Buses and Construction Equipment sector of Mahindra group in addition to his new role. Similarly, Dr. Venkat Srinivas will continue to serve as the Business Head for Mahindra Truck & Bus (MTB) and Construction Equipment (CE) in addition to this new role at SML Mahindra has a pan-India presence in the 'Trucks & Buses 'segment with 16% market share in ILCV (Intermediate and Light Commercial Vehicles) Buses segment. Shares of Mahindra & Mahindra Ltd. closed at Rs 3160.20 per unit on August 1 on BSE.
Business Upturn
02-08-2025
- Automotive
- Business Upturn
SML Isuzu appoints Vinod Kumar Sahay as Executive Chairman, effective August 3
By Aman Shukla Published on August 2, 2025, 17:11 IST SML Isuzu made several key announcements after its Board meeting held on August 2, 2025. Vinod Kumar Sahay has been appointed as the new Executive Chairman from August 3, 2025, taking over from Chandra Shekhar Verma, who will continue on the Board as an Independent Director. The company also announced changes in its finance leadership. Rakesh Bhalla will step down as CFO on September 30, 2025, and will move into an advisory role. Pushkar Patwardhan has been named CFO (Designate) effective immediately and will take full charge from October 1, 2025. Ritesh Agrawal has joined as the new Chief Operating Officer. With this new structure, Sandeep Chandna and Vikas Sharma will no longer be designated Senior Management Personnel but will remain with the company. Additionally, SML Isuzu's current statutory auditor, Walker Chandiok & Co LLP, has resigned citing independence concerns due to non-audit services provided to the holding company. In their place, B S R & Co. LLP has been appointed as the new statutory auditor effective August 2, 2025, subject to shareholder approval for a five-year term starting from the next AGM. These changes reflect a strategic shift as the company strengthens its leadership team and governance practices. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
