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Ashok Leyland targets Ebitda break-even for Switch Mobility in FY25

Business Standard

|

November 11, 2024

Commercial vehicle major Ashok Leyland expects the Indian business of its electric vehicle (EV) arm Switch Mobility (Switch) to reach break-even on an operating basis during the current financial year.

- SHINE JACOB

The company said it was unlikely to bring in investors for Switch or its e-Mobility as a Service (eMaaS) arm, Ohm Global Mobility, unless it finds suitable investors and good valuations.

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