Ashok Leyland to invest Rs 500 crore in Switch Mobility’s holding company and Rs 200 crore in Hinduja Finance

Switch Mobility, Ashok Leyland's electric vehicle arm, has secured an order book of over 1,800 electric buses at the end of Q3 FY25, including an export order of 100 buses from Mauritius.

12 Feb 2025 | 10602 Views | By Shahkar Abidi & Darshan Nakhwa

Ashok Leyland, the Chennai-based commercial vehicle manufacturer, has announced plans to invest Rs 500 crore in Optare PLC, the holding company of its electric mobility subsidiary, Switch Mobility. 

The investment is set to be made in the fourth quarter of FY25. The company will also inject Rs 200 crore ...

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