On September 6, UK-based Hinduja Group signed an MoU with the Government of Tamil Nadu to invest INR 75 billion in the state’s electric vehicle (EV) ecosystem. The investment will be focused on establishing advanced EV manufacturing and battery storage units. The initiative is expected to generate over 1,000 new jobs

On September 2, 2025, Ashok Leyland issued additional details regarding its recent announcement to invest in the battery ecosystem for a sustainable India. It clarified that CALB, its Chinese battery partner, will not be making any financial investment in the venture; rather, the immediate scope of the relationship i

On September 1, Ashok Leyland announced plans to invest over INR 50 billion in the development and manufacturing of batteries for automotive and energy storage applications over the next 7 to 10 years. This initiative aims to support both Ashok Leyland’s electric vehicle (EV) portfolio—including Switch Mobility—and s

On August 14, Ashok Leyland announced in an investor update of Q1 FY 2026 that it plans to launch a range of new products in the current year, including 280, 320, and 360-horsepower tippers, tractor-trailers, and multi-axle vehicles. It is also preparing to introduce offerings in the LNG segment, an upgraded 13.5-met

On August 14, Ashok Leyland announced that its board has approved fresh equity infusions into two wholly owned subsidiaries: up to INR 3 billion in OHM Global Mobility Private Limited (OHM) and up to INR 57 million in Vishwa Buses and Coaches Limited (VBCL), each in one or more tranches and for cash consideration.
Bo

On August 8, 2025, President Ferdinand Marcos Jr. of the Philippines, during his official visit to India, met with the Hinduja Group delegation led by Shom Hinduja. The discussions focused on expanding collaboration and investments in the Philippines across the Defence, Energy, Automotive, and Digital Technology sect

On July 17, Invest UP, Investment Promotion and Facilitation Agency of the state of Uttar Pradesh, in a social media post, announced that Uttar Pradesh’s Chief Secretary had an investment review meeting with the Hinduja Group.
The meeting witnessed detailed proposals from Ashok Leyland, IndusInd Bank, Gulf Oil, Hindu

In its annual report for FY2024-25, Ashok Leyland outlined its recent efforts in research and development (R&D) with a total expenditure of INR 5.46 billion. The company focused on several key areas, including engine development for alternate fuels and components related to electric powertrains and advanced driver-as

On June 27, Ashok Leyland announced that it has secured an order to supply 200 trucks to Instant Transport Solution Pvt Ltd (INSTANT & XP India), a logistics company operating in e-commerce, FCL, LCL, and 3PL segments. The first batch of 100 units, comprising 1,916 single-axle and 2,820 multi-axle haulage trucks, has

On June 3, Ashok Leyland bagged an order for supplying 543 BS-VI diesel chassis and fully built buses to Tamil Nadu State Transport Corporation. The order value is INR 1.83 billion. The order has been awarded through a normal tender process. Ashok Leyland will supply buses between June 2025 and December 2025. 
Based

On June 3, Ashok Leyland announced that its subsidiary Optare Plc. UK has entered into a Share Purchase Agreement with Dana Ltd., for the purchase of their 1.01% stake in Switch Mobility Limited, UK (SML UK). Post this acquisition, Optare Plc’s shareholding in SML UK would increase from 98.56% to 99.57%, and conseque

On May 13, Ashok Leyland Limited, in an investor conference call, announced that it is working on several new products, including an EV terminal tractor and a 15-meter AC coach, both of which were showcased at Auto Expo 2025. These commercial vehicles are scheduled for commercial production within the current year. I

On March 28, Ashok Leyland announced that its Defence business has won multiple orders valued at more than INR 7 billion. These contracts involve supplying specialized vehicles to meet the Indian Defence sector's requirements for troop transportation, logistics, and other mobility needs under the Close-in Weapon Syst

On March 26, Ashok Leyland announced that Switch Mobility Limited UK (Switch UK), its electric vehicle subsidiary, may cease manufacturing and assembly operations at its Sherburn facility due to ongoing economic uncertainty in the UK and Europe, along with slower-than-expected adoption of EVs in public transport. The

On March 26, Ashok Leyland Limited issued a formal statement addressing recent media reports. Several news outlets had claimed the commercial vehicle maker was in advanced negotiations to acquire the promoter's stake in SML Isuzu from Japan's Sumitomo Corporation. The company strongly denied these reports, calling th

On March 19, Ashok Leyland inaugurated its new bus manufacturing facility near Vijayawada, Andhra Pradesh. Located in Malavalli, 40 km from Vijayawada, the plant spans 75 acres and integrates advanced manufacturing technologies. During the inauguration ceremony, Ashok Leyland and the Hinduja Group handed over the key

In an investor update, Ashok Leyland announced that its Board has approved an additional investment of INR 5 billion in Optare PLC, the holding company of its electric mobility subsidiary, Switch Mobility, in Q4 FY 2025. Additionally, the company will inject INR 2 billion into Hinduja Finance to support capital adequ

On February 19, Ashok Leyland bagged an order to supply 320 BS-VI diesel fuel type 12M low floor fully built buses to Tamil Nadu State Transport Corporation. The order value is INR 2.97 billion. The order will be executed between June 2025 to August 2025. The buses have the advanced iGen 6 BS-VI technology with a rob

On January 17, Ashok Leyland presented 'SAATHI’ – a premium entry-level Light Commercial Vehicle at Bharat Mobility Global Expo 2025. It is built on advanced LNT technology, with best-in-class power (45 HP), torque (110 Nm), and a 24% larger loading area compared to the competition. The LNT technology eliminates the

On December 12, Ashok Leyland announced that it has secured an order for supplying 1,475 BSVI diesel fuel type passenger bus chassis to Tamil Nadu State Transport Corporation. The order was awarded post normal tender process with standard business prudent norms, terms and conditions.
The total consideration for the o