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    • Ganesh Mani to take additional charge as Switch Mobility CEO, S Mahesh Babu steps down

      Mani is currently serving as Chief Operating Officer (COO) at Ashok Leyland.

    • Ashok Leyland infuses Rs 500 crore into UK-based Switch Mobility, some funds may flow into India unit

      Ashok Leyland had previously shared plans to invest Rs 500 crore into the holding company of Switch Mobility for capex requirement. Optare is the holding entity for Switch UK as well as Switch India, and a part of the fund is expected to flow into the Indian arm as well.

    • Switch Mobility rolls out EiV12 and E1 e-buses for worldwide markets

      As per industry analysts, the Indian electric city bus market is expected to grow at a CAGR of 21 percent by 2030 with an EV penetration of 70 percent.

    • Ashok Leyland will continue to fund Switch Mobility, consider investors at right valuation later, says MD & CEO

      It was earlier reported that Ashok Leyland will evaluate further investments in Switch Mobility, after a fund infusion of Rs 1,200 crore in the maker of electric buses in India and the UK, even as it remained open to external investments in the company.

    • Ashok Leyland's investments in Switch Mobility set to yield results in medium term, says Dheeraj Hinduja

      The Hinduja Group flagship firm has invested Rs 537 crore so far in Switch Mobility, taking its total investment so far to £113 million.

    • Uttar Pradesh e-bus plant to begin operations in 12-13 months: Ashok Leyland's Dheeraj Hinduja

      Speaking of the plant's capacity, Hinduja said it will be a small facility with 2,500 buses which can be ramped up to 5,000.

    • Ashok Leyland targets 25% market share in LCV market; to launch six models in FY25

      When queried if the company foresees any impact on margins with more LCVs, Ashok Leyland Chairman Dheeraj Hinduja said that he expects the same type of margins in light trucks as the company sees in M&HCVs

    • Magenta Mobility partners Switch Mobility to deploy eLCVs in mid-, last-mile delivery space

      Magenta signed an initial pact with Switch Mobility to deploy 500 units of its recently launched eLCV leV4 pan-India over two years.

    • Ashok Leyland betting big on e-LCVs, garners 10,000 orders, says Executive Chairman Dheeraj Hinduja

      To launch two e-LCVs in the fourth quarter of this fiscal; the firm is yet to find a strategic partner for its EV division.

    • Ashok Leyland to invest Rs 1,200 crore in Switch Mobility

      The funds will be infused over the next few months after necessary statutory approvals in one or more tranches, Ashok Leyland said.

    • Ashok Leyland's Shenu Agarwal: Will direct investments more on alternative fuel vehicles

    • Mumbai: India's first AC double decker e-bus inducted into BEST fleet

    • Delay in expansion plans as we want right partner for EV business: Ashok Leyland

    • Cities beef up their e-bus fleets as cost of ownership gets lower

    • In Pics | Mumbai all set for its first all-electric double-decker ride

    • Switch Mobility unveils country's first electric double-decker air-conditioned bus

    • Ashok Leyland earmarks Rs 1,500 crore capex until FY24

    • Switch Mobility unveils electric bus platform EiV12

    • Dana Incorporated picks up 1% stake in Switch Mobility for $18 million

    • Ashok Leyland to invest up to USD 200 million in EVs

    • Ashok Leyland renames British arm Optare as Switch Mobility with focus on electric segment

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