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Ashok Leyland’s unit to set up manufacturing and technology centre in Spain

16 Dec 2021 Evaluate

Switch Mobility, a unit of Ashok Leyland, has planned to set up a manufacturing and technology centre in Spain with plans to invest 100 million Euros (about Rs 860 crore) over the next ten years. With already a significant presence in the UK and India, the new facility will extend Switch’s footprint as part of the company’s global plans.

The facility will comprise two production lines and is expected to see the first buses produced in the fourth quarter of next year.

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 1084.25
SML Mahindra 6130.00
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