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Ashok Leyland’s arm planning to invest Rs 2,980 crore across UK, India

22 Apr 2022 Evaluate

Ashok Leyland’s electric vehicle arm-- Switch Mobility is planning to invest 300 million pounds (over Rs 2,980 crore) across the UK and India to develop its range of electric buses and light commercial vehicles. The company is eyeing to create over 4,000 skilled jobs in the UK and India as part of the investment. This announcement will bring high quality jobs and skills to both the UK and India, and is testament to company’s partnership in the industries of the future.

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 425.30
Ashok Leyland 149.35
Force Motors 16950.00
Olectra Greentech 1084.25
SML Mahindra 6130.00
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