News Karnataka
Monday, April 22 2024

Ashok Leyland’s UK subsidiary acquires Indian EV subsidiary

Ashok Leylands Uk Subsidiary Acquires Indian Ev Subsidiary Main
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Chennai: Hinduja group’s commercial vehicle major Ashok Leyland Ltd on Tuesday said its UK subsidiary Switch Mobility Ltd has acquired the entire stakes in its Indian subsidiary Switch Mobility Automotive Ltd.

Switch Mobility Automotive has thus become a step-down subsidiary of Ashok Leyland.

Switch Mobility Automotive was incorporated to carry on the business of manufacture and sale of electric vehicles.

Recently Siemens Ltd and Switch Mobility Automotive signed an MoU to enter the electric commercial vehicles segment.

While Switch Mobility Automotive would bring its electric commercial vehicles into India, Siemens would provide the charging infrastructure technology and charging infrastructure management software solution to enhance the energy-efficient operations of the chargers.

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