Can Mahindra scale SML into India’s school bus giant and challenge Tata and Ashok Leyland

Published on 24 April 2026

Early growth is real but the rivals are huge

After years of stagnation, SML is showing early growth since Mahindra took over. The question now is whether a niche school bus maker can expand fast enough to challenge industry heavyweights like Tata Motors and Ashok Leyland—without getting squeezed on scale, supply, and competitive pricing in a crowded market.

SML’s early growth comes after long stagnation
Mahindra ownership is driving a fresh push in school buses
The big challenge is competing with Tata Motors and Ashok Leyland
Scaling up will test capacity, costs, and market reach

#tata motors #school buses #sml #ashok leyland #mahindra

Read the full story at The Economic Times

This summarization was done by Beige for a story published on The Economic Times

Can Mahindra scale SML into India’s school bus giant and challenge Tata and Ashok Leyland

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