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Updated On: 16-Aug-2025 05:38 AM
Ashok Leyland approves ₹305.7 crore investment in VBCL and OHM Global Mobility to boost bus manufacturing and expand e-mobility services, strengthening its dual growth strategy in India.
Ashok Leyland approves ₹305.7 crore investment in two subsidiaries.
₹5.70 crore for VBCL to expand bus manufacturing capacity.
₹300 crore for OHM Global Mobility to scale e-mobility services.
Investments to be completed by March 2026 and March 2027.
Strategy aims to strengthen both conventional and electric mobility segments.
Ashok Leyland Limited, the flagship company of the Hinduja Group, has announced a significant investment plan worth ₹305.7 crore across its two wholly-owned subsidiaries, Vishwa Buses and Coaches Ltd (VBCL) and OHM Global Mobility Private Limited. This move underlines the company’s dual focus on strengthening conventional bus manufacturing and accelerating growth in electric mobility solutions.
At its Board of Directors meeting held on August 14, 2025, at 1:35 PM IST, the company approved the following investments:
Up to ₹5.70 crore in VBCL
Up to ₹300 crore in OHM Global Mobility, to be invested in one or more tranches
Both investments remain subject to regulatory approvals and compliance requirements.
Vishwa Buses and Coaches Ltd, incorporated on November 19, 2020, is engaged in bus body and coach-building for the automobile sector. Its financial performance has shown steady growth:
Financial Year | Revenue (₹ Crore) |
2022–23 | 99.94 |
2023–24 | 239.81 |
2024–25 | 295.35 |
The approved investment of ₹5.70 crore will help:
Support ongoing business requirements
Expand infrastructure to meet rising demand
Ensure transaction completion by March 31, 2026
OHM Global Mobility, incorporated on March 8, 2021, follows an “e-Mobility as a Service” (EMaaS) model, providing operation and maintenance services for electric buses and trucks on a pay-per-use basis. Its financial journey reflects rapid growth:
Financial Year | Revenue (₹ Crore) |
2022–23 | Nil |
2023–24 | 1.72 |
2024–25 | 50.37 |
The proposed ₹300 crore infusion will be utilized to:
Expand EMaaS operations across India
Strengthen service capabilities for electric buses and trucks
Complete the investment by March 31, 2027
Both subsidiaries fall under related party transactions as per SEBI (LODR) Regulations, 2015. The promoter group holds no special interest beyond its shareholding, and transactions are carried out at arm’s length.
Disclosures were made under Regulation 30 of SEBI LODR and in line with the July 13, 2023, circular, with submissions filed to NSE and BSE. No additional government approvals are required.
With this dual investment, Ashok Leyland is pursuing a two-pronged growth strategy:
Strengthening its position in conventional bus manufacturing through VBCL
Accelerating the adoption of electric mobility via OHM’s scalable EMaaS model
By committing ₹305.7 crore, Ashok Leyland is positioning itself as a market leader across both traditional and electric bus segments, ensuring long-term competitiveness in India’s evolving transportation landscape.
Ashok Leyland’s ₹305.7 crore investment reflects its clear vision to balance conventional bus manufacturing with future-ready electric mobility. By empowering VBCL and OHM Global Mobility, the company is strengthening its presence in both traditional and sustainable transport. This strategic move positions Ashok Leyland as a key player in India’s evolving mobility sector, driving long-term growth and innovation.