India’s leading truck and bus maker Ashok Leyland is scouting for investors for electric vehicle arm Switch Mobility, The Hindu Business Line reported on Tuesday.
The management at Switch Mobility is looking for both strategic and financial investors, the Line reported, quoting Gopal Mahadevan, the chief financial officer at Ashok Leyland.
UK-based drivetrain and e-propulsion system supplier Dana invested $18 million in Switch Mobility in July, the report said.
Read the full report: The Hindu Business Line.
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