SML Mahindra will acquire Mahindra & Mahindra’s truck and bus business in a slump sale valued at ₹525 crore, according to reports. The transaction moves Mahindra’s commercial vehicle operations—covering trucks and buses—into SML Mahindra, part of the Mahindra Group. The deal consolidates the group’s truck and bus businesses under a single entity, SML Mahindra, and is designed to create one commercial vehicles platform across multiple categories. This includes light, intermediate and heavy trucks, along with buses. After the acquisition, SML Mahindra will manage the combined range of vehicles rather than it being split between the current businesses. The reports describe the arrangement as a slump sale, which typically involves transfer of the business as a going concern for an agreed lump-sum consideration. The sources indicate the transaction is structured to streamline Mahindra Group’s commercial vehicle operations and unify them under SML Mahindra’s control.