Ashok Leyland to carve out two new units to strengthen green transport solutions
Commercial vehicles major Ashok Leyland NSE 6.04 % on Wednesday said it has decided to form two new subsidiaries as part of its plans to strengthen green transport solutions. The company through its subsidiary Switch Mobility Ltd, the UK-based electric vehicle producer of buses and vans, is creating two units, Ashok Leyland said in a statement.
The first unit — Switch Mobility Automotive Ltd — is being formed to carry on the electric vehicle strategy in India and forms part of its global entity.
