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…
Dana To Invest USD 18 Million In Switch Mobility For 1% Stake
Switch Mobility Ltd, the electrified commercial vehicles company and subsidiary of Ashok Leyland Ltd, Indian flagship of the Hinduja Group, announced a strategic agreement with Dana Incorporated (Dana), the global leader in drivetrain and e-propulsion systems, to make a minority…
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….
