Ashok Leyland rose as much as 10% to hit an intraday high of Rs 137.45.
Shares of the Chennai-based commercial vehicle maker - Ashok Leyland - rose as much as 10 per cent to hit an intraday high of Rs 137.45 after the company announced that its subsidiary Switch Mobility, electric bus and light commercial vehicle company, has entered into a strategic agreement with Dana, the global leader in drivetrain and e-propulsion systems. As part of the agreement, Dana will make a strategic investment in Switch Mobility and will also be a preferred supplier of electric drivetrain components for the company's e-bus and EV commercial vehicle offering, Ashok Leyland said in a press release.