Ashok Leyland has received approval for investments in two Wholly owned Subsidiaries for Business Requirements and expansion. The company’s board approved the investment upto Rs 5.70 crore in Vishwa Buses and Coaches (VBCL), as equity in one or more tranches. There will be no change in shareholding of the company in VBCL. VBCL will continue to remain a wholly owned subsidiary of the company. The said investment is expected to be completed within March 31, 2026.
The company’s board also approved investment upto Rs 300 crore in Ohm Global Mobility, as equity, in one or more tranches. There will be no change in shareholding of the company in OHM. OHM will continue to remain a wholly owned subsidiary of the company. The said investment is expected to be completed within March 31, 2027. The Board of Directors of the company at their meeting held on August 14, 2025, have 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.
