Chennai, August 14, 2025 – Ashok Leyland Limited, a flagship company of the Hinduja Group, has announced substantial investments in two of its wholly-owned subsidiaries—Vishwa Buses and Coaches Ltd (VBCL) and OHM Global Mobility Private Limited—reinforcing its strategic commitment to both conventional bus manufacturing and next-generation electric mobility solutions.
Major Investment Approvals
During its Board of Directors meeting held on August 14, 2025, at 1:35 PM IST, Ashok Leyland approved:
- Up to ₹5.70 crore investment in VBCL
- Up to ₹300 crore investment in OHM Global Mobility, to be disbursed in one or more tranches
Both investments are subject to necessary approvals and regulatory requirements.
Strengthening VBCL’s Bus Manufacturing Capabilities
Vishwa Buses and Coaches Ltd, incorporated on November 19, 2020, specializes in bus body and coach-building within the automobile sector.
Financial performance:
- FY 2022–23: ₹99.94 crore
- FY 2023–24: ₹239.81 crore
- FY 2024–25: ₹295.35 crore
The proposed ₹5.70 crore funding will support: - Ongoing business requirements
- Infrastructure expansion to meet growing market demand
- Completion of the transaction by March 31, 2026
Scaling OHM Global Mobility’s EMaaS Model
OHM Global Mobility, established on March 8, 2021, operates under an “e-Mobility as a Service” (EMaaS) model, offering operation and maintenance services for electric buses and trucks on a pay-per-use basis.
Financial performance:
- FY 2022–23: ₹Nil
- FY 2023–24: ₹1.72 crore
- FY 2024–25: ₹50.37 crore
The proposed ₹300 crore infusion aims to: - Expand EMaaS operations across India
- Scale service capabilities for both electric buses and trucks
- Complete investment by March 31, 2027
Corporate Governance & Compliance
- Both subsidiaries are related parties under SEBI (LODR) Regulations, 2015.
- The promoter group holds no additional interest beyond existing shareholding.
- Transactions are at arm’s length and require no external governmental approvals.
- Disclosures were made in line with Regulation 30 of SEBI LODR and the July 13, 2023 circular, with filings submitted to NSE and BSE.
Strategic Significance
This dual investment highlights Ashok Leyland’s two-pronged growth strategy:
- Strengthening traditional commercial vehicle manufacturing through VBCL
- Accelerating adoption of electric mobility via OHM’s scalable EMaaS model
With a combined ₹305.7 crore infusion, Ashok Leyland is positioning itself as a market leader across both conventional and electric bus segments, ensuring long-term competitiveness in an evolving transportation landscape.
