Mumbai, June 22 (Udaipur Kiran): SML Mahindra is currently trading at Rs. 4128.00, up by 36.75 points or 0.90% from its previous closing of Rs. 4091.25 on the BSE.
The scrip opened at Rs. 4119.75 and has touched a high and low of Rs. 4150.00 and Rs. 4082.50 respectively. So far 2046 shares were traded on the counter.
The BSE group ‘B’ stock of face value Rs. 10 has touched a 52 week high of Rs. 5341.30 on 19-Feb-2026 and a 52 week low of Rs. 1736.60 on 24-Jun-2025.
Last one week high and low of the scrip stood at Rs. 4176.75 and Rs. 3913.70 respectively. The current market cap of the company is Rs. 5957.76 crore.
The promoters holding in the company stood at 58.97%, while Institutions and Non-Institutions held 2.33% and 38.70% respectively.
SML Mahindra has signed Memorandum of Understanding (MoU) with the Ministry of Road Transport and Highways (MoRTH) under the Government of India’s scheme for replacement of old trucks and buses in the Delhi-NCR region.
Under the agreement, the OEM will provide an 8 per cent discount on the ex-showroom price of eligible trucks and buses purchased under the scheme. For electric vehicles, the discount shall be capped at the discount applicable to an Internal Combustion Engine (ICE) vehicle of the equivalent Gross Vehicle Weight (GVW) category.
In addition to the 8 per cent discount offered by participating OEMs, the Central Government will provide 5 per cent interest subvention and fixed monthly fuel vouchers for a period of five years. Participating State Governments will provide up to 100 per cent concession on motor vehicle tax for a period of ten years and waiver of registration fees for eligible beneficiaries under the scheme.
SML Mahindra (formerly SML Isuzu) is primarily engaged in the business of manufacture and sale of Commercial Vehicles such as Buses, Trucks, and Special Application vehicles; and their parts.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
