Ashok Leyland’s subsidiary -- Switch Mobility is planning to invest up to $200 million (nearly Rs 1,500 crore) in its electric vehicles (EVs) journey in the next few years. Switch Mobility, which will play in the commercial e-mobility space globally for the group through next-generation electric bus and light commercial vehicles, will launch an electric light commercial vehicle (eLCV) later this year in India.
Ashok Leyland is banking on Switch Mobility to play a crucial role to achieve its ambition of being in the top ten players globally in the commercial vehicles segment through the latter's electric commercial vehicles, which would allow it to serve markets developed like the US, Europe and Japan.
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.
