News, 17 August 2025
Ashok Leyland’s Board recently gave the nod to a strategic ₹305.7 crore investment plan, aimed at bolstering its core bus-building operations and accelerating its foray into electric mobility. The approvals, granted during a board meeting held on August 14, 2025, mark a bold step in the company’s dual expansion strategy.
Breaking it down: up to ₹5.70 crore will be infused into Vishwa Buses and Coaches Ltd (VBCL), a subsidiary that specializes in designing and manufacturing bus bodies and coaches. Established in November 2020, VBCL has shown robust financial performance—revenue climbed from ₹99.94 crore in FY 2022–23 to ₹295.35 crore in FY 2024–25. This fresh capital will support continued infrastructure upgrades and capacity expansion, with completion slated by March 31, 2026.
On the electric front, up to ₹300 crore will go to OHM Global Mobility Private Ltd, a subsidiary offering “e-Mobility as a Service” (EMaaS) solutions—operating and maintaining electric buses and trucks on a pay-per-use basis. From zero revenue in FY 2022–23, OHM surged to ₹50.37 crore in FY 2024–25. The hefty investment aims to scale its EMaaS operations across India and will be phased through March 31, 2027.
Both subsidiaries are wholly-owned and subject to related-party guidelines under SEBI’s Listing Obligations & Disclosure Requirements (LODR), with the promoter group holding no additional interest beyond its existing stake. The transactions are structured at arm’s length, with all disclosures filed with NSE and BSE, and no external approvals required.
