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Ashok Leyland’s arm acquires stake in Switch Mobility Automotive

15 Jun 2021 Evaluate

Ashok Leyland’s UK subsidiary -- Switch Mobility has acquired the entire shareholding in Switch Mobility Automotive, India on June 14, 2021. In view of the same, Switch Mobility Automotive, India has become a step-down subsidiary of the Company. Switch Mobility Automotive is incorporated to carry on the business of manufacture and sale of electric vehicles.

Ashok Leyland, the Hinduja Group flagship company in India, is engaged in the manufacturing of commercial vehicles and related components. The company’s products include buses, trucks, engines, defense and special vehicles.

Peers
Company Name CMP
Tata Motors 428.15
Ashok Leyland 149.35
Force Motors 16950.00
Olectra Greentech 1083.65
SML Mahindra 6087.35
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