The board of directors of Ashok Leyland Limited has approved a proposal to incorporate a wholly owned subsidiary company in Indonesia. The corporate decision was finalized during a board meeting conducted on May 28, 2026..
According to a regulatory filing submitted to the stock exchanges, the establishment of the new international entity remains subject to applicable local laws and necessary regulatory clearances in both jurisdictions. The Chennai-headquartered automotive manufacturer stated that the move is in compliance with disclosure requirements under Regulation 30 of the Securities and Exchange Board of India Listing Obligations and Disclosure Requirements Regulations 2015.
Earlier in February 2026, Ashok Leyland had signed a Memorandum of Understanding (MoU) with PT Pindad, an Indonesian state-owned defence and industrial equipment manufacturer. Key focus areas under the MoU according to the companies were to jointly develop electric buses and defence vehicles.