About SML Isuzu Limited

SML Isuzu Limited is an Indian public company incorporated on July 26, 1983, engaged in the manufacture and sale of commercial vehicles and their parts, with operations primarily in India  . The Company is listed on BSE and NSE, with its registered office and plant at Village Asron, Distt. Shahid Bhagat Singh Nagar (Nawanshahr), Punjab, and corporate office in Chandigarh. Its portfolio spans buses, cargo lorries (trucks), and special-application vehicles, serving fleet owners, educational institutions, offices, transporters and Government agencies across domestic and international markets.

As of the latest year, SML Isuzu operates one plant and 10 offices in India; it serves customers across 28 States and 8 Union Territories, and exports to 10 countries. The Company does not have any Subsidiary, Joint Venture or Associate Company.

SML Isuzu Limited Milestones 

Key milestones include: its in-house R&D facility being recognised by the Department of Scientific & Industrial Research (DSIR) since 1987; the Company achieving its highest ever Profit after tax of Rs. 121.67 crore in FY 2024-25; and vehicle sales volumes of 14,221 units in FY 2024-25  .

SML Isuzu Limited’s Business Segments

• By product vertical: Passenger vehicles (buses) contributed 73% of total turnover; Cargo vehicles (trucks) contributed 21%.
• By geography: Exports contributed 3.97% of turnover; the balance was domestic.

SML Isuzu Limited Key Management

• Vinod Kumar Sahay – Executive Chairman
• Dr. Venkataraman Srinivas – Executive Director & CEO
• Rakesh Bhalla – Chief Financial Officer
• Parvesh Madan – Company Secretary

Latest Updates on SML Isuzu Limited

• Change in promoter and control: On August 1, 2025, Mahindra & Mahindra Limited acquired 58.96% of the equity share capital (43.96% from Sumitomo Corporation and 15.00% from Isuzu Motors Limited), leading to M&M being classified as the promoter and SML Isuzu becoming a subsidiary of M&M. An open offer for up to 26.0% was announced as per SEBI regulations.
• Board and governance: Consequent to the change in control, the Board was reconstituted, with details provided in the Board Report.
• Statutory auditors: Walker Chandiok & Co LLP resigned on August 1, 2025, citing conflict of interest post change in control. The Board appointed B S R & Co. LLP as Statutory Auditors on August 2, 2025, to hold office till the conclusion of the 41st AGM, with a recommendation for a five-year term thereafter.
• Markets and products: The Company started exports to African countries including Angola, Gabon, Senegal, Guinea and Algeria, with efforts underway to tap additional markets in Bangladesh, Nepal, Sri Lanka, Ghana and Bhutan. SML Isuzu also displayed its Electric Bus at Auto Expo 2025.
• Performance highlights: Sales volume reached 14,221 vehicles in FY 2024-25 and Profit after tax stood at Rs. 121.67 crore for the year.