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Ashok Leyland Q3: There might be a moderation in growth in Q4 because of the effect of the upcoming elections and the high base of last year. But the country is behaving differently and it may not be right to look at the history and project the future, the company said.

The company expects to maintain its market share in the medium and heavy commercial vehicle segments and aims to reach 35% market share in the future. Ashok Leyland has seen growth in the bus segment, with a 65% increase, twice the industry growth. The company has also improved its market share from 28.2% to 33%. Additionally, Ashok Leyland is nearing market trials for fully electric 55-tonne AVTAR Tractor Trailers and plans to expand its dealer network to reach 1,000 dealers.

Ashok Leyland Invites External Investments For Switch Mobility

Get latest articles and stories on Latest News at LatestLY. Hinduja Group flagship firm Ashok Leyland is keen to get external investments for its electric vehicle arm Switch Mobility but only from 'the right strategic partner', and it will not shy away from investing on its own till such an ally is found, according to its Managing Director and CEO Shenu Agarwal. Latest News | Keen to Get External Investment for EV Arm Switch Mobility, Waiting for Right Partner: Ashok Leyla...

Ashok Leylands electric vehicle arm, Switch Mobility, seeks external investments cautiously, prioritizing the right strategic partner at the right valuation. The company remains open to individual investment until an ideal ally is secured, with a focus on developing robust products and technology maturity. Switch India anticipates being cash neutral or positive, while Switch UK may require additional investments in FY25 due to the European and UK markets subdued performance.

Switch Mobility Investment: Ashok Leylands electric vehicle arm, Switch Mobility, seeks external investments cautiously, prioritizing the right strategic partner at the right valuation. The company remains open to individual investment until an ideal ally is secured, with a focus on developing robust products and technology maturity. Switch India anticipates being cash neutral or positive, while Switch UK may require additional investments in FY25 due to the European and UK markets subdued perfo...

"We are very keen on getting external investments also, but we want to make sure that we have the right strategic partner with us. I mean, we do it at the right valuation. So right now, the focus is to get Switch into a very, very strong mode by developing products, by maturing our technology on both the bus side and the LCV side," Agarwal said.

Switch Mobility Global Plans: “With the global uncertainty, ongoing unrest and the energy crisis, there has been an impact on demand in the EU,” Dheeraj Hinduja, Executive Chairman, Ashok Leyland, told ETAuto in the companys post earnings call.

Ashok Leyland Board Monday approved the acquisition of 100%of Ohm Global Mobility Private Ltd (OHM) from OHM International Mobility Ltd for a nominal consideration of INR 1 lakh. It will transfer the existing E-MaaS ((Electric Mobility as a Service) contracts to OHM subject to necessary approvals, the company said.

Mumbais new electric double decker bus by Ashok Leyland Switch is here and we drive it on Mumbai roads to see what it is like. Click here to know more about it.