Ashok Leyland has announced that the board has approved an investment of Rs 1,200 crore in its EV arm Switch Mobility for capital expenditure, R&D and meeting operational requirements in the UK as well as in India. The funds will be infused over the next few months after necessary statutory approvals in one or more tranches.
Ashok Leyland strengthens its footprint in green transport solutions through Switch Mobility Ltd equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.