Ashok Leyland Approves ₹300 Crore Investment in OHM Global Mobility, ₹5.70 Crore in VBCL

Ashok Leyland Limited has announced that its Board of Directors has approved investments in two of its wholly-owned subsidiaries, Vishwa Buses and Coaches Ltd (VBCL) and OHM Global Mobility Private Limited, during a meeting held on August 14, 2025, at 1:35 PM IST.

The proposed investments, subject to necessary approvals and regulatory requirements, are aimed at supporting business expansion and operational growth. The company plans to invest up to ₹5.70 crore in VBCL and up to ₹300 crore in OHM Global Mobility, with the latter to be disbursed in one or more tranches.

VBCL, incorporated on November 19, 2020, operates in the bus body and coach-building segment within the automobile industry. As of March 31, 2025, the subsidiary reported a revenue of ₹295.35 crore. Its turnover over the past three financial years stood at ₹99.94 crore (FY 2022–23), ₹239.81 crore (FY 2023–24), and ₹295.35 crore (FY 2024–25). The investment is intended to support ongoing business requirements and infrastructure expansion. The transaction, structured as a cash consideration, is expected to be completed by March 31, 2026.

OHM, established on March 8, 2021, operates in the e-mobility sector under an "e-Mobility as a Service" (EMaaS) model, providing operation and maintenance services for electric buses and trucks on a pay-per-use basis. As of March 31, 2025, OHM reported a revenue of ₹50.37 crore, with turnover of ₹Nil (FY 2022–23), ₹1.72 crore (FY 2023–24), and ₹50.37 crore (FY 2024–25). The proposed investment of up to ₹300 crore via cash infusion aims to scale its EMaaS operations and is targeted for completion by March 31, 2027.

Both subsidiaries are considered related parties under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. However, Ashok Leyland clarified that, apart from its existing shareholding, the promoter group holds no additional interest in either entity. The transactions are described as being conducted at arm’s length and do not require any external regulatory or governmental approvals.

The disclosures were made in compliance with Regulation 30 of the SEBI LODR, along with the circular dated July 13, 2023, and have been submitted to both the National Stock Exchange (NSE) and BSE for public dissemination.

This move underscores Ashok Leyland’s continued focus on strengthening its footprint in traditional commercial vehicle manufacturing and emerging e-mobility solutions.