NEW DELHI: Two days after committing a $200 million investment, Ashok Leyland’s electric mobility arm Switch Mobility on Friday announced raising $18 mn from Dana Incorporated (Dana), US-based manufacturer of drivetrain and e-propulsion systems.
Following the announcement, shares of Ashok Leyland (AL) surged as much as 10% to Rs 137 on the BSE in Friday’s early deals. It closed 6% higher at Rs 130.80.
