Ashok Leyland's Switch Mobility to invest Rs 1,000 cr in new plant in south

Switch Mobility, the electric vehicle arm of Ashok Leyland, is all set to invest around Rs 1,000 crore for setting up a new manufacturing unit in South India. The company is also in talks with financial investors to raise over $200 million for its expansion.

Switch had last month lined up investments of about 300 million pound across the UK and India to develop its range of electric buses and light commercial vehicles. “We are planning an integrated facility in India. All the left hand drive vehicles will be made in Spain and right hand drive in India,” said Mahesh Babu,