SML Isuzu

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SML Isuzu Limited

Formerly	Swaraj Vehicles Limited Swaraj Mazda Limited
Traded as	NSE: SMLISUZU BSE: 505192
Founded	1983; 42 years ago (1983)
Headquarters	India
Key people	Junya Yamanishi
Products	Trucks, buses, ambulances, police vehicles, water tankers and other special vehicles
Parent	Sumitomo Corporation (44%) Isuzu (15%) Mahindra & Mahindra (58.96%)
Website	smlisuzu.com

SML Isuzu Limited (SMLI) is a commercial vehicle manufacturer established in 1983. SMLI produces and sells buses, ambulances and customized vehicles. Sumitomo Corporation and Isuzu hold a 44% and 15% stake of the company respectively.

The company manufactures light commercial vehicles like trucks, buses, school buses, ambulances, police personnel carriers, water tankers and special vehicles. It exports its products to countries like Nepal, Zambia, Bangladesh, Kenya, Tanzania, Ghana, Ivory Coast, Rwanda, Seychelles, Syria, Jordan.

On April 26, 2025, Mahindra & Mahindra announced plans to acquire a 59% stake in SML Isuzu, acquiring the stakes held by Sumitomo Corporation and Isuzu for Rs 555 crore.^[1]