Ashok Leyland Limited, a leading commercial vehicle manufacturer, has announced significant investments in two of its wholly-owned subsidiaries, marking a strategic move to strengthen its presence in key growth areas. The company’s Board of Directors approved these capital infusions at a meeting held today, August 14, 2025, at 1:35 PM IST, as per its BSE filing.
The principal focus of this announcement is a substantial investment of up to Rs. 300 Crores in Ohm Global Mobility Private Limited (“OHM”).
OHM operates in the crucial e-mobility as a service (EMAAS) segment, specifically focusing on the operation and maintenance of Electric Vehicles (Buses and Trucks) on a pay-per-use model. This aligns with Ashok Leyland’s strategy to expand in e-mobility and strengthen its position within this rapidly evolving sector.
It is important to note that this is an investment into an existing wholly-owned subsidiary, not an external acquisition of a new entity.
As such, there will be no change in the percentage of shareholding or control; OHM will continue to remain a wholly-owned subsidiary of Ashok Leyland Limited. The capital will be infused as equity in one or more tranches.
For the financial year ending March 31, 2025, OHM reported a revenue of Rs. 50.37 Crores. With sales of Rs. 1.72 Crores in FY 2023–24 and Nil in FY 2022–23, the firm has seen notable development, underscoring the young but expanding nature of its operations.
Information regarding EBITDA for OHM was not provided in the regulatory filing. OHM was incorporated on March 8, 2021, under the Companies Act 2013, and belongs to the Automobile industry.
The deal, which involves a cash consideration, is subject to requisite approvals and requirements as relevant. However, the company has clarified that no specific governmental or regulatory approvals are required for this particular investment.
In addition to the investment in OHM, Ashok Leyland also approved an investment of up to Rs. 5.70 Crores in Vishwa Buses and Coaches Limited (VBCL). VBCL, also a wholly-owned subsidiary, is engaged in the business of bus body and coach building. This investment, also through cash consideration as equity, is intended for business requirements and expansion within this segment.
...Disclaimer: The information provided is for educational purposes only and does not constitute financial advice. We are not registered financial advisors. Please conduct your own research and consult a qualified advisor before making investment decisions. Any investment decisions you make based on this information are solely at your own risk.
