Ashok Leyland is looking for investors both strategic and financial for its electric vehicle arm Switch Mobility as the electric vehicle initiative was going to be crucial to the commercial vehicle manufacturer. The city-based company plans to roll out CNG-fitted commercial vehicles during the latter part of this financial year.
The board of Ashok Leyland recently approved the transfer of electric vehicles business into the subsidiary Switch Mobility Automotive.
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.
