Ashok Leyland to set up ‘mother EV’ plant in India under UK-subsidiary Switch

Truck and bus maker Ashok Leyland NSE 4.40 % will set up a ‘mother plant’ in India under its UK-subsidiary Switch for its electric vehicle business.

Switch UK will set up an Indian entity which in turn will put up the plant. The company’s entire electric vehicle business will move to Switch which will also develop EV-specific platforms in buses and electric light commercial vehicles.

Ashok Leyland’s existing EV products like the e-buses it has already supplied to cities like Ahmedabad and Patna will also move to Switch, said Gopal Mahadevan, CFO, Ashok Leyland. “The EV investments for Switch will not come out of Ashok Leyland,” he added.