Ashok Leyland’s electric vehicle arm -- Switch Mobility is reportedly looking to raise funds. The company is in talks with financial investors to raise about $300 million -- $200 million for capital expenditure needs and $100 million for Switch subsidiary Ohm Global Mobility. Switch as a whole is going to invest $200-300 million over the next five years.
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.
