Ashok Leyland Increases Stake in Optare Plc to 93%

Ashok Leyland Ltd has reportedly increased its shareholding in UK-based Optare Plc to 93%, further solidifying its position in the global commercial vehicle market. This move follows a series of investments aimed at bolstering its electric vehicle arm, Switch Mobility, which is a subsidiary of Optare Plc. Ashok Leyland has been actively expanding its stake in Optare, previously increasing it to 92.59% through significant equity investments. The company's strategic focus on enhancing its electric mobility capabilities through Optare and Switch Mobility underscores its commitment to sustainable transportation solutions.

 

Source: Business Standard