Switch Mobility plans investment outlay of $200 million

29 Jul 2021 CW Team

E-mobility major Switch Mobility has planned a growth strategy with an investment outlay of $150-200 million for the next few years as Hinduja Group has chalked out its future road map in the electric vehicle segment.

Hinduja Group has already invested over $130 million in developing its electric vehicle business over the past 10 years. The group now offers a range of products, and there are more than 280 e-vehicles on the road. It is preparing for the next level of growth with growth opportunities across the world.

Switch will use the $150-200 million in new vehicle segments, technology, partnerships, and manufacturing. The company is planning vehicles at different price ranges, modular battery configuration, low-cost sourcing and manufacturing, opex-based ownership solution, among others, under its growth initiative.

Dheeraj Hinduja, Chairman, Switch Mobility, and Ashok Leyland told the media that the company is looking at zero-carbon mobility as strategically important, that would manifest itself in the electric vehicle portfolio and services through eMaaS and Switch.

The group expects the addressable market for electric buses and light trucks globally to be at $70 billion by 2030 from $5 billion now.

It is also looking at pay-per-mile and subscription-based ownership models becoming the new trend to cover passenger and cargo mobility sectors. To address this, it will follow the 'Mobility as a Service' model also, which will be under a new entity and branded as OHM.

Image Source

Also read: E-mobility: Ashok Leyland to bring EVs to India via subsidiaries

Also read: Ashok Leyland subsidiary acquires Switch Mobility Automotive

Infrastructure Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..