Ashok Leyland Expands UK Presence: Optare PLC’s Stake in SML UK Rises to 99.57%

Ashok Leyland’s UK-based subsidiary, Optare PLC, is set to increase its shareholding in SML UK to 99.57%, reinforcing its commitment to global expansion and electric mobility. The move comes as Optare PLC acquires an additional 1.01% stake in SML CJK, further consolidating its presence in the UK’s commercial vehicle sector.

 

This strategic investment aligns with Ashok Leyland’s broader vision of strengthening its foothold in the electric and sustainable mobility space, particularly through its subsidiary Switch Mobility, which focuses on next-generation electric buses and commercial vehicles.

 

Ashok Leyland has been actively expanding its international footprint, with recent investments in EV technology and manufacturing capabilities. The company’s growing stake in Optare PLC underscores its long-term commitment to innovation and market leadership.

 

Industry analysts view this development as a significant step toward enhancing Ashok Leyland’s global competitiveness, particularly in the electric vehicle and commercial transport segments.

 

Sources: Business Standard, Ashok Leyland Investor Reports, Economic Times