Ashok Leyland Limited — JV/Acquisition, 14-08-2026: Acquisition

Ashok Leyland's board has approved two key investments. The company will inject up to ₹325 Cr into its UK subsidiary, Optare Plc, to support its business requirements and bolster its electric vehicle (EV) initiatives under Switch Mobility. Additionally, Ashok Leyland will invest up to ₹500 Cr in Hinduja Housing Finance Limited (HHFL), a step-down subsidiary, via a secondary share purchase. This move aims to fund HHFL's growth in affordable housing finance, indirectly helping Ashok Leyland by increasing financing options for commercial vehicle customers. This strategic investment is expected to be value-accretive.