 Early Times Report
CHANDIGARH, Jan 24: Cabinet Minister Sanjeev Arora informed that Mahindra & Mahindra is one of India's leading multinational groups with a strong presence across automotive, farm equipment, financial services, manufacturing, and technology. The Group has a long-standing reputation for building globally competitive industrial platforms and is among India's largest manufacturers of mobility solutions, with operations spanning domestic and international markets.
He further said that Mahindra & Mahindra Ltd. has acquired a 58.96% stake in SML Isuzu Ltd. for approximately Rs 555 crore through the purchase of shares from Japan-based Sumitomo Corporation and Isuzu Motors. Following completion of the transaction in August 2025, the company's Board was reconstituted, and the firm is being renamed SML Mahindra Limited. He highlighted that SML Mahindra Limited is a leading manufacturer of light and medium commercial vehicles (LCVs/MCVs) in India, with a strong presence in trucks, buses, and special-purpose vehicles catering to logistics, passenger transport, and institutional mobility segments.
The company has already made a substantial investment of approximately Rs 500 crore in its manufacturing facility located at Shaheed Bhagat Singh Nagar (Nawanshahr), Punjab. The unit is a fully integrated automobile manufacturing complex comprising vehicle assembly lines, body shop, paint shop, press and machine shop, FRP shop, and a dedicated bus body plant,he added.
Expansion Plans in Punjab, During discussions with Vinod Sahay, Executive Chairman, SML Mahindra Limited, it was informed that the company has outlined a significant expansion roadmap for Punjab. This includes: An investment of Rs 100 crore for modernization and upgradation of the existing manufacturing facility; and
A proposed Rs 400 crore investment through the relocation of a manufacturing facility from another State to Punjab.
Punjab Emerging as India's Best Investment Destination, Expressing confidence in Punjab's growth trajectory, Cabinet Minister for Industries & Commerce, Sanjeev Arora, stated that under the dynamic leadership of the National Convener, Arvind Kejriwal, and the Chief Minister of Punjab, S. Bhagwant Singh Mann, the State is rapidly emerging as the best destination for investment in the country.
He highlighted that Punjab's investor-friendly governance, transparent policies, time-bound approvals, robust industrial infrastructure, and skilled workforce are driving renewed confidence among leading industrial houses.
The Minister also noted with pride that Shri Anand Mahindra, Chairman of the Mahindra Group, traces his roots to Ludhiana, Punjab, reflecting the State's deep historical and entrepreneurial connection with one of India's most respected industrial families. He said this legacy connection further strengthens Punjab's association with innovation, enterprise, and industrial excellence. |
