Ashok Leyland Limited — JV/Acquisition, 20-03-2026: Acquisition

Ashok Leyland will infuse up to ₹375 Cr (GBP 30 million) as equity into its UK subsidiary, Optare Plc. This investment, boosting its stake marginally from 93% to 93.28%, aims to support Optare's business requirements and loan repayments. Optare is crucial as the holding company for Ashok Leyland's Electric Vehicle venture, Switch Mobility. This capital injection underscores Ashok Leyland's commitment to strengthening its EV capabilities and expanding its presence in the electric bus and commercial vehicle market.