Ashok Leyland subsidiary acquires Switch Mobility Automotive

16 Jun 2021 CW Team

Commercial vehicles major Ashok Leyland (ALL) told the media that its subsidiary Switch Mobility of the United Kingdom has fully acquired electric vehicle maker -- Switch Mobility Automotive, India.

The company's subsidiary Switch Mobility of UK has acquired the entire shareholding in Switch Mobility Automotive, India on June 14, said ALL in a regulatory filing.

Following the acquisition, the company said that India's Switch Mobility Automotive has become a step-down subsidiary of the company.

It further added that being the promoter of Switch Mobility, the UK- based producer of electric buses and vans, it had an interest in the entity being acquired. The investment Switch Mobility Automotive equity shares were at arm’s length. Switch Mobility Automotive was incorporated for the business of manufacturing and selling electric vehicles.

In April this year, ALL had announced that it was planning a global expansion of its EV business into India by creating a subsidiary company called Switch Mobility Automotive through its subsidiary Switch Mobility.

Image Source

Also read: Ashok Leyland reduces production amid second wave of Covid-19

Also read: Switch Mobility partners with TVS SCS for logistics chain in India

Infrastructure Energy

17 Dec 2025

Vedanta Aluminium Uses 1.57 bn Units of Green Energy in FY25

Vedanta Aluminium, India’s largest aluminium producer, recently reported consumption of 1.57 billion units of renewable energy in FY25, marking a significant milestone in its 2030 decarbonisation roadmap. The company also achieved an 8.96 per cent reduction in greenhouse gas (GHG) emissions intensity compared to FY21, reinforcing its leadership in India’s low-carbon manufacturing transition. During FY25, Vedanta Aluminium expanded its renewable energy portfolio through long-term power purchase agreements, strengthening its strategy to source nearly 1,500 MW of renewable power over the lon..

Oberoi Group to Develop Luxury Resort at Makaibari Tea Estate

EIH Limited, the flagship company of The Oberoi Group, has announced the signing of a management agreement to develop an Oberoi luxury resort at the iconic Makaibari Tea Estate in Darjeeling. The project marks a key milestone in the Group’s long-term strategy of creating distinctive hospitality experiences in rare and environmentally significant locations. Established in 1859, Makaibari is one of the world’s oldest tea estates and is globally recognised for its Himalayan landscape, primary forests and exceptional biodiversity. Spread across 1,236 acres, the estate houses one of the world�..

GHV Infra Secures Rs 1.09 Bn EPC Order in Jamshedpur

GHV Infra Projects Ltd, a fast-growing EPC company in India’s infrastructure and construction sector, has recently secured a Rs 1.09 billion work order in Jamshedpur, Jharkhand. Awarded by a reputed group entity, the contract covers end-to-end civil construction, mechanical, electrical and plumbing (MEP) systems, along with high-quality finishing works for a large building development. The project will be executed over a 30-month period, with defined benchmarks for quality, safety and timely delivery. The order strengthens GHV Infra’s footprint in Jamshedpur, a key industrial hub known fo..