Page 3 - Switch Mobility News Today

Macquarie Capital, the investment arm of Australias Macquarie Group, has acquired a minority stake in ChargeZone, a prominent Indian EV charging company. The investment is expected to empower ChargeZone to accelerate its business strategy and enhance its cloud technology-enabled EV charging network.

Press Release Macquarie Capital invests in Indias ChargeZone to expand its fast-charging network Link...

Stocks to watch: Shares of firms like SBI, Infosys, Airtel, Mamaearth, Ashok Leyland, HDFC Bank, and others will be in focus on Wednesday's trade.

The survey is being carried out in connection with a tax evasion probe under the General Anti Avoidance Rules (GAAR).

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.

To launch two e-LCVs in the fourth quarter of this fiscal; the firm is yet to find a strategic partner for its EV division.