Keen to get external investment for EV arm Switch Mobility, waiting for right partner: Ashok Leyland MD
Ashok Leyland's 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.
Source: indiatimes.com
