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ā¢ Ashok Leyland's electric vehicle arm, Switch Mobility, is seeking external investments for its EV business, but will continue to invest on its own until the right strategic partner is found.
ā¢ The company expects Switch India to be cash neutral or positive, while Switch UK may require additional investments in FY25 due to subdued performance in European and UK markets.
ā¢ Switch products are performing well in the market, with an order book of over 1,100 buses and LOIs for 10,000 electric LCVs. The company is also working on developing an E1 bus for the European market.