In a major move to strengthen its electric vehicle (EV) division, Ashok Leyland’s Board of Directors has approved a significant investment of Rs 1200 crore into Switch Mobility. This equity infusion, routed through holding company Optare PLC UK, is earmarked for the expansion of product portfolio, enhancement of research and development, and operational growth across […]
In a strategic move signaling its commitment to the electric mobility-as-a-service (E-MaaS) sector, Ashok Leyland, a prominent player under the umbrella of the Hinduja Group, confirmed its acquisition of Ohm Global Mobility Private Ltd (OHM). The acquisition, executed for a symbolic sum of Rs 1 lakh, is attributed to OHM’s non-operational status. This development positions […]
