Delay in expansion plans as we want right partner for EV business: Ashok Leyland
Hinduja Group flagship Ashok Leyland is in advanced stage of discussions with investors for its electric vehicle business and the delay was largely to ensure that the company has the ‘right partner’ to support its growth plans. The city-headquartered company of the Hinduja Group is planning to raise around USD 200-250 million to support its electric vehicles (EV) arm — Switch Mobility.
