Ashok Leyland Share Price in Focus; Plans to Seek $200 million for OHM Global Mobility funding

As per Bloomberg report, Ashok Leyland, part of the Hinduja family conglomerate, is looking to raise about $200 million for its electric mobility services arm OHM Global Mobility. 

Funding Round Details 

As per report, the company has engaged an adviser to approach global private equity firms. The proposed round could value OHM Global Mobility between $800 million and $1 billion. The Hinduja family may pause the process if investor interest does not meet the expected valuation. 

The fundraising effort is being gauged by potential investors worldwide. The valuation range reflects the unit’s growth in electric bus deployments and its pay per use business model, which allows customers to operate electric fleets without upfront capital outlay. 

OHM Global Mobility Operations 

OHM currently operates over 850 electric buses and aims to increase the fleet to more than 2,500 within the next 12 months. The unit provides commercial electric vehicles on pay per use contracts and also handles vehicle maintenance. 

Existing Hinduja Investment 

The Hinduja family has already invested ₹3 billion ($33 million) in OHM and plans to inject an additional ₹3 billion to support operations through March, as stated by Ashok Leyland CEO Shenu Agarwal during an earnings call. 

Read More: Maharashtra Govt Inks ₹48,000 Crore MoUs with Auto and Steel Firms ! 

Ashok Leyland Share Price Performance  

As of February 11, 2026, at 2:35 PM, Ashok Leyland share price on NSE was trading at ₹207.51 down by 1.06% from the previous closing price. 

Conclusion 

Ashok Leyland is exploring a $200 million funding round for OHM Global Mobility, with a potential valuation up to $1 billion. The effort includes additional capital from the Hinduja family and aims to expand the electric bus fleet significantly. 

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