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Ashok Leyland Shares Surge as Acquisition Talks with SML Isuzu Heat Up: Reports

Written by: Sachin GuptaUpdated on: Mar 26, 2025, 9:51 AM IST
Ashok Leyland shares rose after the news came stating the acquisition of the promoter's stake in SML Isuzu
Ashok Leyland Shares Surge as Acquisition Talks with SML Isuzu Heat Up: Reports
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On March 26, 2025, Ashok Leyland share price rose over 2%, reaching a day high of ₹214.40 at 09:30 AM, after opening at ₹212.70. The gain in Ashok Leyland shares came ahead of the scheduled board meeting on March 26. The news reports claim that India’s second-largest Commercial Vehicle manufacturer, Ashok Leyland, may be close to acquiring the promoter’s stake in SML Isuzu. As mentioned in the news reports, the negotiations reached an advanced stage between the company and Japan’s Sumitomo Corporation, the promoter of SML Isuzu.

M&M and JBM Contender for SML Isuzu

The news reports also stated that Mahindra & Mahindra is also in talks to acquire the entire promoter stake in SML Isuzu at a valuation of between ₹1,400 to ₹1,500 per share, which is a discount to SML Isuzu’s current market price. In addition, JBM Auto is among the top participants to acquire SML Isuzu.

Ashok Leyland Feb 2025 Sales

In February 2025, Ashok Leyland recorded a mixed sales trend across different categories. For Medium and Heavy Commercial Vehicles (M&HCV), truck sales saw a modest increase of 1% compared to February 2024, with 8,922 units sold, though cumulative sales for the year showed a 5% decline at 83,843 units. On the other hand, bus sales in the M&HCV category witnessed a 5% drop in February but a strong 18% growth in cumulative sales, reaching 25,150 units. Overall, the total M&HCV category remained relatively flat, showing no significant growth or decline on a year-over-year basis.

Light Commercial Vehicles (LCV) saw a 5% increase in domestic sales for February 2025, with 6,417 units sold, but cumulative LCV sales slightly declined by 1% compared to the previous year. When looking at the overall vehicle market, total vehicle sales increased by 2% in February 2025 compared to the same month last year, although cumulative sales were nearly unchanged, showing a slight 0% decrease. This data indicates a generally stable but cautious market, with some variations across categories, reflecting ongoing market dynamics.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Published on: Mar 26, 2025, 9:51 AM IST

Sachin Gupta

Sachin Gupta is a Content Writer with 6+ years of experience in the stock market, including global markets like the US, Canada, and Australia. At Angel One, Sachin specialises in creating financial content that simplifies complex market trends. Sachin holds a Master's in Commerce, specialising in Economics.

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