Try GOLD - Free

Switch UK to close Sherburn facility

Financial Express Lucknow

|

March 27, 2025

Hard Times

- NARAYANAN V

SWITCH MOBILITY, UK, an electric bus maker and a step-down subsidiary of Ashok Leyland, will cease manufacturing and assembly operations at its plant in Sherburn. The decision was taken due to the economic uncertainty in the UK's bus manufacturing sector, the firm said.

Switch UK, a stepdown subsidiary of the firm, has presence across the UK and Europe.

In a regulatory filing, commercial vehicle major Ashok Leyland announced that the board of directors of Switch UK has approved the commencement of a consultation process with employees, which could potentially lead to the cessation of manufacturing and assembly activities at the Sherburn facility.

MORE STORIES FROM Financial Express Lucknow

Financial Express Lucknow

TN stampede: CBI quizzes TVK chief Vijay for 6 hours

ACTOR-POLITICIAN TO BE CALLED AGAIN BY PROBE AGENCY

time to read

1 mins

January 13, 2026

Financial Express Lucknow

Gold and silver storm to records

GOLD AND SILVER climbed to records in a broad-based metals rally as the US Justice Department threatened the Federal Reserve with a criminal indictment, reviving concerns over the central bank's independence.

time to read

1 min

January 13, 2026

Financial Express Lucknow

UK investigates X over Grok deepfake concerns

UK REGULATORS HAVE opened a probe into Elon Musk's X as backlash mounts worldwide over the thousands of sexually suggestive images generated by the artificial intelligence tool Grok on the social media platform.

time to read

1 min

January 13, 2026

Financial Express Lucknow

Germany pledges €1.24-bn boost for green partnership

INDIA AND GERMANY on Monday signed and exchanged 27 memoranda of understanding (MoUs) and joint declarations of intent, and made eight key announcements here.

time to read

1 min

January 13, 2026

Financial Express Lucknow

Balance sheets don't fully reflect bank risks: Deputy guv

BANKING SUPERVISION CAN no longer rely only on balance sheets and compliance checklists as digitisation reshapes risks, Reserve Bank of India (RBI) Deputy Governor Swaminathan J has said, calling for a sharper focus on operational resilience, third-party dependencies and customer protection.

time to read

1 min

January 13, 2026

Financial Express Lucknow

Apple tops 2025 smartphone mkt

GLOBAL SMARTPHONE SHIPMENTS rose 2% year- on-year in 2025, lifted by stronger demand and eco- nomic momentum in emerging markets, Counter- point Research said on Mon- day. Apple led the market with a 20% share, the largest among the top five brands, supported by solid demand in emerging and mid-sized markets and strong sales of the iPhone 17 series, said Counterpoint analyst Varun Mishra.

time to read

1 min

January 13, 2026

Financial Express Lucknow

Retail inflation rises to 1.33% in December

INFLATION, MEASURED BY the consumer price index (CPI), rose to 1.33% in December from a series low of 0.25% in October and 0.71% in November, largely on account of narrowing of food deflation and waning of a favourable base.

time to read

1 min

January 13, 2026

Financial Express Lucknow

Anup Saha joins Kotak Bank as whole time director

KOTAK MAHINDRA BANK on Monday announced that Bajaj Finance's former MD Anup Kumar Saha will oversee its consumer banking vertical.

time to read

1 min

January 13, 2026

Financial Express Lucknow

BSE, IFCI stocks surge on NSE IPO expectations

STOCK PRICES OF the BSE and IFCI surged on Monday on hopes of the listing of the National Stock Exchange (NSE), which is the highest-valued company in the India unlisted space.

time to read

1 mins

January 13, 2026

Financial Express Lucknow

Battery plant plans back on track: RIL

RELIANCE INDUSTRIES ON Monday said its plans for battery storage manufacturing remain unchanged and are progressing in line with target timelines.

time to read

1 min

January 13, 2026

Listen

Translate

Share

-
+

Change font size