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Keen to get external investment for EV arm Switch Mobility, waiting for right partner: Ashok Leyland MD

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.
New Delhi United Kingdom Shenu Agarwal Ashok Leyland Hinduja Group Switch Mobility

Keen to get external investment for EV arm Switch Mobility, waiting for right partner: Ashok Leyland MD, ET Auto

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...
United Kingdom New Delhi Shenu Agarwal Hinduja Group Ashok Leyland Switch Mobility

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