We are well positioned as long as Indian market grows

Dheeraj Hinduja, executive chairman, talks about the commercial vehicle (CV) maker's export plans and electric vehicle (EV) business, besides the geopolitical scenario in a video interaction with Shine Jacob. Edited excerpts:

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Your EV arm Switch Mobility plans to shut down the UK facility at Sherburn. What's your road map?

Looking at the way the European and UK markets are evolving, it was the right decision by the company to put extra focus on the Indian market. That does not mean we are exiting those markets. We will continue to service those markets. We will look at maintaining our sales in due course of time.

The domestic market is growing well for buses. Switch is winning many tenders and has been through new product introductions as well. It will be doing it this year as well. In that respect, I believe the Indian government is giving a very good push to electric buses. It is providing support through incentives as well. We are quite comfortable and will look at this opportunity to explore new markets through new products.

You had set a target of 15,000 units for exports in FY25 against around 11,853 units in FY24, and comfortably crossed that. When do you expect to touch your long-term goal of 50,000 units?