 "Ashok Leyland undertakes cost cutting measures to save Rs 500 crore")
Ashok Leyland Ltd today said that Optare Group Ltd (Optare), its majority-owned UK arm, has been renamed SwitchMobility (Switch) as part of its drive towards electrification and new mobility service. With the proposed new structure, Switch will be positioned to become Ashok Leyland's global arm, focusing on electric vehicles and Green Mobility Solutions.
Unveiling the new logo and name, Dheeraj Hinduja, Chairman, Ashok Leyland said Optare is adopting a new identity and logo as 'Switch', which signals the parent's strategic ambitions in electric and Green mobility. Towards this, Ashok Leyland is examining various options to bring all EV initiatives of Ashok
