The SML Isuzu share price is seeing smart gains and Ashok Leyland is also in focus on account of buzz about potential take over of SML Isuzu. According to BSE filing, Ashok Leyland has scheduled a investor call this evening for “corporate updates emanating out of the Board Meeting to be held earlier in the day called at “ shorter notice.”
According to a report by Moneycontrol, Ashok Leyland is perhaps close to a complete takeover of SML Isuzu. The website quoted sources saying that negotiations are at an advanced stage between the two companies.
Earlier this week, the Mahindra & Mahindra share price was buzzing on the back of reports that M&M is in talks to buy the promoter stake in SML Isuzu. Sumitomo, the promoter of the company, has 44% stake in the Isuzu’s India unit while Isuzu holds 15%.
ALSO READStock Market LIVE Updates: Markets higher for 8th day; Nifty above 23,700, Sensex flat SML Isuzu share price
The SML Isuzu share price is up a whopping 28% in last 5 days and clocked over 50% gains in last 1 month. The gains in 2025 so far hover around the 10% mark. The bus manufacturer is set to enter the electric bus segment with its Hiroi.ev platform and the electric buses are scheduled to be launched between QFY25 to Q1FY26.
Ashok Leyland share price
The Ashok Leyland share price is down 6% in 2025 so far and in the last month, the share price is down 7%. The company reported some decline in February sales. Overall sales dropped 4% YoY while Medium and Heavy Commercial Vehicle (M&HCV) declined 7% YoY. The truck sales were down by 3% but the bus sales saw a steep 23% drop.
» Read More
