Photo Source: Babushahi Bureau
Mahindra Group expands manufacturing presence in Punjab
Babushahi Bureau
Chandigarh, January 24, 2026:Punjab Cabinet Minister Sanjeev Arora on Friday said that the Mahindra Group is significantly strengthening its manufacturing footprint in the state, reinforcing Punjab’s position as a preferred destination for industrial investment.
Arora said Mahindra & Mahindra, one of India’s leading multinational conglomerates, has a strong presence across automotive, farm equipment, financial services, manufacturing, and technology sectors, with operations spanning both domestic and global markets.
The group is widely recognised for building globally competitive industrial platforms and remains among India’s largest manufacturers of mobility solutions.
He informed that Mahindra & Mahindra Ltd. has acquired a 58.96 per cent stake in SML Isuzu Ltd. for approximately ₹555 crore by purchasing shares from Japan-based Sumitomo Corporation and Isuzu Motors. Following the completion of the transaction in August 2025, the company’s board was reconstituted and the firm is being renamed SML Mahindra Limited.
Highlighting the company’s role, the minister said SML Mahindra Limited is a leading manufacturer of light and medium commercial vehicles (LCVs and MCVs) in India, with a strong presence in trucks, buses, and special-purpose vehicles catering to logistics, passenger transport, and institutional mobility segments.
Arora further stated that the company has already invested around ₹500 crore in its manufacturing facility at Shaheed Bhagat Singh Nagar (Nawanshahr) in Punjab. The facility is a fully integrated automobile manufacturing complex, housing vehicle assembly lines, body shop, paint shop, press and machine shop, FRP shop, and a dedicated bus body plant.
Expansion Plans in Punjab
Sharing details of discussions with Vinod Sahay, Executive Chairman, SML Mahindra Limited, the minister said the company has outlined an ambitious expansion roadmap for Punjab. The plan includes an investment of ₹100 crore for modernization and upgradation of the existing facility, along with a proposed ₹400 crore investment through the relocation of a manufacturing unit from another state to Punjab.
Punjab Emerging as Investment Hub
Expressing confidence in the state’s growth trajectory, Sanjeev Arora said that under the leadership of AAP National Convener Arvind Kejriwal and Punjab Chief Minister Bhagwant Singh Mann, Punjab is rapidly emerging as one of the best investment destinations in India.
He attributed this momentum to investor-friendly governance, transparent policies, time-bound approvals, strong industrial infrastructure, and a skilled workforce, which have renewed confidence among leading industrial houses.
The minister also noted that Anand Mahindra, Chairman of the Mahindra Group, traces his roots to Ludhiana, Punjab, highlighting the state’s deep historical and entrepreneurial ties with one of India’s most respected industrial families.
Sanjeev Arora added that the expanding footprint of SML–Mahindra in Punjab is a strong endorsement of the state’s pro-industry ecosystem and reaffirmed the Punjab government’s commitment to facilitating future expansions through proactive support and single-window clearances.