Ashok Leyland to Invest Rs 1.2K Crore in its EV arm
Leading commercial vehicle maker Ashok Leyland (AL) will be making an investment of Rs 1,200 crore in its electric vehicle (EV) arm Switch Mobility- through its holding company Optare PLC UK. The decision to infuse own funds come after the…
India’s Ashok Leyland Eyes Egypt’s Commercial Vehicles Market
India-headquartered Ashok Leyland, part of the Hinduja Group and the third largest commercial vehicle manufacturer worldwide, is eyeing the Egyptian automotive market through a joint venture with the state-owned El-Nasr Automotive Manufacturing Company (NASR), a press statement by the Ministry…
Ashok Leyland Transfers It’s EV Biz To Switch Mobility For 240 Crore
Ashok Leyland has completed the sale of its electric vehicle (EV) business to Switch Mobility Automotive Ltd (SMAL) for a consideration of ₹240 crore. In November 2021, Ashok Leyland board had approved the sale of the EV business to SWAL…
Ashok Leyland’s UK Subsidiary Acquires Indian EV Subsidiary
Hinduja group’s commercial vehicle major Ashok Leyland Ltd said its UK subsidiary Switch Mobility Ltd has acquired the entire stakes in its Indian subsidiary Switch Mobility Automotive Ltd. Switch Mobility Automotive has thus become a step-down subsidiary of Ashok Leyland….
Hitachi ABB Power Grids And Ashok Leyland Partner For An E-Bus Pilot At IIT Madras
Hitachi ABB Power Grids has signed a memorandum of understanding (MoU) with Ashok Leyland and the Indian Institute of Technology Madras (IITM) for an e-mobility pilot project. Under the tripartite agreement, the trio will run an electric bus (e-bus) pilot…
Ashok Leyland Subsidiary Optare Delivers First Metrodecker EV
Ashok Leyland UK subsidiary Optare PLC launched the first of 21 battery-electric Optare Metrodecker EV double-deckers. Metrodecker EVs have been developed from the prototype by Optare in a partnership with First York and the York City Council which began three…
Ashok Leyland To Focus On Exports, Electric Buses
Ashok Leyland Ltd. (ALL), the Hinduja Group’s flagship company, will give more thrust to exports and electric buses, expanding its light commercial vehicle (LCV) portfolio and introducing its next generation light truck platform Phoenix in September, a top official said….
