How many acquisitions has Mahindra made so far?

Mahindra has completed 16 acquisitions so far, with an average acquisition amount of $91.4M.

Which countries does Mahindra usually acquire in?

Mahindra has made acquisitions in 8 countries with the most activity in India and Turkey.

Which is Mahindra's latest acquisition?

Mahindra's most recent acquisition is SML Isuzu, a Manufactures commercial vehicles., acquired in April 2025.

In which year did Mahindra make the most acquisitions?

Mahindra was most active in 2017, with 3 acquisitions completed in that year.

List of 16 Acquisitions by Mahindra (Jul 2026)

Mahindra has made a total of 16 acquisitions. Its activity spans 8 countries, including India, Turkey, and Italy, across 9 sectors, most notably Auto Components, Auto Brands, and Crop Tech. Peak acquisition years were 2017 with 3 acquisitions, followed by 2010 and 2022 with 2 acquisitions each. Between 2020 and 2025, the company averaged 0.6 acquisitions per year, with 0 acquisitions completed during the current calendar year. The most recent acquisition is SML Isuzu, a manufacturer of commercial vehicles founded in 1983 and based in Chandigarh, which was finalized in April 2025.

Here's the year on year acquisition history of Mahindra:

Number of Total Acquisitions

Year	# Acquisitions
2025	1
2022	2
2020	1
2019	1
2017	3
2016	1
2015	1
2010	2
2008	2
2007	1
2004	1

View all Acquisitions by Mahindra

Recent acquisitions by Mahindra

Mahindra's most recent acquisition - SML Isuzu is a Manufactures commercial vehicles., founded in 1983 and located in Chandigarh. Mahindra acquired a 58.96% stake in it in April 2025 for a price of $*****.

Here is the list of all acquisitions by Mahindra sorted by the latest acquisition date:

Acquired on	Acquired Company	Acquisition Price	Facilitators	Stake Acquired	Acquisition Multiple
Apr 28, 2025	SML Isuzu	fkqd	dggv	37	642
Sep 20, 2022	Swaraj Enterprise	xriz	duax	56	605
Mar 22, 2022	Carnot	gttx	dyuv	96	388
Sep 24, 2020	Sampo-Rosenlew	etjg	{zvs	95	468
Aug 31, 2019	Meru	dbrx	u{tb	65	909