Ashok Leyland, a major vehicle manufacturer, plans a Rs 1,200 crore infusion into its electric vehicle division, Switch Mobility. This investment, aimed at capital expenditure, R&D, and operational needs in the UK and India, follows efforts to attract external investors. The company targets sustainable growth, showcasing over 800 operational buses in India and the UK, with 1,200 more on order. Notably, Switch launched India’s only Double Decker e-Bus and, in September 2023, introduced electric light commercial vehicles (e-LCVs), securing MOUs for over 13,000 such vehicles. With anticipated European market expansion in 2024, the company aims to diversify its electric bus portfolio globally. This decision follows Ashok Leyland’s substantial YoY profit surge.