Ashok Leyland has received approval for acquisition of shares of OHM Global Mobility (OHM India) from OHM International Mobility, making OHM India a direct wholly owned subsidiary of the Company. The company has also received approval for investment of Rs 300 crore in OHM India in one or more tranches. This is part of Company’s EV strategy to engage in the business of eMaaS. This would likely result in enhancing the operational efficiency and synergy. The Board of Directors at their meeting held on August 14, 2023 has approved the same.
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.
