Ashok Leyland to invest USD200 million in Switch Mobility to develop EVs
Switch Mobility to launch its first electric light commercial vehicle by end-2021
Indian commercial vehicle manufacturer Ashok Leyland, which plans to shift its entire electric vehicle (EV) business to its 100% subsidiary Switch Mobility over years, said it will invest about USD200 million in electrification and associated technologies via its EV subsidiary, news publication ET Auto reported on 29 July.
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