Ashok Leyland surges as its arm to form two new subsidiaries to strengthen green transport solutions

Ashok Leyland Ltd. | Automobiles-Trucks/Lcv | Automobiles | BSE: 500477 | NSE: ASHOKLEY

08 Apr 2021 Evaluate

Ashok Leyland is currently trading at Rs. 120.65, up by 3.90 points or 3.34% from its previous closing of Rs. 116.75 on the BSE.

The scrip opened at Rs. 118.50 and has touched a high and low of Rs. 120.75 and Rs. 117.50 respectively. So far 477986 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 138.85 on 04-Feb-2021 and a 52 week low of Rs. 39.00 on 08-Apr-2020.

Last one week high and low of the scrip stood at Rs. 120.75 and Rs. 110.80 respectively. The current market cap of the company is Rs. 34272.28 crore.

The promoters holding in the company stood at 51.54%, while Institutions and Non-Institutions held 34.02% and 14.44% respectively.

Ashok Leyland’s subsidiary-- Switch Mobility has decided to form two new subsidiaries as part of its plans to strengthen green transport solutions. The first unit -- Switch Mobility Automotive -- is being formed to carry on the electric vehicle strategy in India and forms part of its global entity. The second subsidiary -- OHM Global Mobility -- will focus on providing mobility as a service offering.

Switch Mobility Automotive brings together Ashok Leyland’s capabilities both from Optare UK and Ashok Leyland’s EV Division. OHM Global Mobility is a solutions company being piloted in India with ambitious plans to roll out Mobility as a Service (eMaaS) globally. Together, Switch and OHM will provide a net carbon zero emission solution to India’s exciting trend towards EV urban buses and LCVs.

Ashok Leyland, the Hinduja Group flagship company in India, is engaged in the manufacturing of commercial vehicles and related components. The company’s products include buses, trucks, engines, defense and special vehicles.

Ashok Leyland Share Price

168.65 -2.05 (-1.20%)

08-May-2026 16:59 View Price Chart

Peers

Company Name	CMP
Ashok Leyland	168.65
Force Motors	20878.00
Olectra Greentech	1340.60
Tata Motors	431.10
SML Mahindra	3800.40
View more..

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