Ashok Leyland eyes Ebitda break-even for EV arm Switch Mobility in FY25

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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.

Ashok Leyland's Executive Chairman, Dheeraj Hinduja, told Business Standard that the parent company's financial position was "very comfortable" and it will continue to support Switch and Ohm.

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Category: BusinessFinance

Markets: India

Topics: Dheeraj Hinduja Electric buses in India Ashok Leyland LCV Chennai MTC electric buses Ashok Leyland K.M. Balaji Electric mobility in India Switch Mobility Ashok Leyland EBITDA Ashok Leyland electric vehicles Ashok Leyland quarterly results Cost reduction Ashok Leyland Ashok Leyland operating break-even Ohm Global Mobility Ashok Leyland margins

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-10 @ 10:34:14 (1 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 107 words

Reading Time: 1 minutes read

Sentences: 5 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23487702

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About Business Standard

Main Topics: BusinessFinance

Official Website: business-standard.com

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Year Established: 1975

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News Last Updated: 2 hours ago

Coverage Areas: India

Ownership: Independent Company

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Publisher ID: #49

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