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Ashok Leyland has renamed its UK-based subsidiary Optare Group as Switch Mobility as a part of its new electrical mobility plan, underneath which the corporate plans to increase its world EV footprint and in addition introduce new mobility companies.
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Ashok Leyland is analyzing numerous choices to carry the complete EV initiatives underneath Switch Mobility
Home-grown industrial automobile producer, Ashok Leyland, has introduced its world electrical automobile plans, underneath which the corporate has renamed its UK-based subsidiary, Optare Group as Switch Mobility. Under the brand new model, the corporate plans to increase its world EV footprint and in addition introduce new mobility companies. Unveiling the brand new emblem and model identify, Dheeraj Hinduja, Chairman of Ashok Leyland, stated, “Optare is adopting a new identity and logo as “Switch”, which signals our strategic ambitions in Electric and Green Mobility. Towards this, Ashok Leyland is examining various options to bring the entire EV initiatives of Ashok Leyland under Switch Mobility Ltd.”
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With the brand new electrical mobility model Swith, Ashok Leyland goals to focus on the worldwide electrical LCV and e-Bus market, which the corporate says is projected to develop at a Compounded Annual Growth Rate (CAGR) of greater than 25 per cent and to be value within the area of $50 billion by 2030. To seize part of this market, Ashok Leyland plans to have a look at monetary participation and strategic tie-ups by means of Switch.
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Vipin Sondhi, Managing Director & CEO, Ashok Leyland Ltd, added: “Ashok Leyland is a pioneer in delivering innovative commercial vehicles and mobility solutions. With our proposed new structure, Switch will be positioned to become the potential global arm of Ashok Leyland focused on Electric Vehicles and Green Mobility Solutions. This proposed step will enable Ashok Leyland to focus on the development of new electric vehicle platforms through Switch including next-generation Buses, PODs and E-LCVs and swiftly scale up the EV business.”
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Ashok Leyland says that Switch will construct on the success of Optare within the UK, the place it at the moment has over 150 electrical buses on the street. Following the profitable supply of 30 Electric Double Decker buses to Metroline in London, the corporate is at the moment fulfilling orders for operators together with Tower Transit, London and First York. This will create a basis for the growth of Switch’s operations in Europe and progress in India and different elements of the world.
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