At 11:10 am, the Ashok Leyland shares have been buying and selling increased by 6.1 per cent on BSE
Ashok Leyland has determined to kind two new subsidiaries as a part of its plans to strengthen inexperienced transport options. Ashok Leyland by way of its subsidiary Switch Mobility, the U.Okay. based mostly EV producer of buses and vans introduced its world enlargement plans into India and its plan to create two subsidiary firms, Ashok Leyland mentioned in a regulatory submitting to the inventory exchanges.
“With a strong presence and proven expertise in the commercial vehicle market in India and the experience of operating a large number of electric vehicles successfully in India and the UK, we see huge opportunities for growth through Switch’s expansion in Indian and global markets,” Ashok Leyland Chairman Dheeraj Hinduja mentioned.
The first unit — Switch Mobility Automotive — will keep it up the electrical automobile technique in India and kinds a part of its world entity. The second subsidiary — OHM Global Mobility — will concentrate on offering mobility as a service providing.
At 11:10 am, the shares of Ashok Leyland have been buying and selling increased by 6.1 per cent at Rs 123.95 on the BSE as towards a 0.8 per cent rise within the benchmark indices.
