SML Isuzu shares soar more than 6%, pare gains later; Ashok Leyland up over 2%; check the latest buzz

The stock of SML Isuzu jumped as much as 6.28% to hit a high of ₹1,710 on the NSE in the opening deals but pared gains minutes later.

Last seen, the scrip was trading at ₹1,635.30, up 1.64%.

Ashok Leyland shares, on the other hand, hit a high of ₹215.20 apiece on the NSE, up 2.45%.

In its filing to stock exchanges on Tuesday, post-market hours, Ashok Leyland said it will hold a conference call on Wednesday, March 26, 2025, from 5.15 pm to 5.45 pm (IST) to provide corporate updates arising from the board meeting to be held earlier in the day, called at shorter notice.

As per the SML Isuzu website, Sumitomo Corporation, Japan, and Isuzu Motors, Japan, respectively, hold 44% and 15% shareholding in the company.

SML Isuzu Limited is an Indian company that manufactures and sells commercial vehicles, and it is listed on the stock exchanges.

It is a joint venture between Sumitomo Corporation (Japan) and Isuzu Motors (Japan). The company was initially incorporated as Swaraj Vehicles Limited in 1983, later renamed Swaraj Mazda Limited, and finally to SML Isuzu Limited in 2011.

SML Isuzu produces a range of commercial vehicles, including buses, trucks, and special application vehicles.

It must be noted that before Ashok Leyland, there were reports that M&M was in the fray to acquire SML Isuzu.

About Ashok Leyland

Ashok Leyland is the flagship company of the Hinduja Group. It is the second largest manufacturer of commercial vehicles in India, the fourth largest manufacturer of buses in the world, and the 19th largest manufacturer of trucks.

Headquartered in Chennai, nine manufacturing plants give an international footprint – 7 in India, a bus manufacturing facility in Ras Al Khaimah (UAE), one at Leeds, United Kingdom, and a joint venture with the Alteams Group for the manufacture of high-pressure die-casting extruded aluminium components for the automotive and telecommunications sectors, Ashok Leyland has a well-diversified portfolio across the automobile industry, the company's website adds.

The company also manufactures vehicles for defence and special applications. The Ashok Leyland product portfolio also has diesel engines for industrial, genset, and marine applications.

Ashok Leyland, SML Isuzu shares performance

Shares of Ashok Leyland have rallied nearly 25% in the past 12 months and 385% over the past five years.

SML Isuzu shares have slipped over 17% in the past 12 months and 421% in the past five years.