Ashok Leyland's Board of Directors approved an equity investment of Rs. 1,200 crore in Switch Mobility via its parent company, Optare PLC UK.

The infusion of funds will be utilised for R&D, capital expenditures, and fulfilling operating needs in India and the UK. Following the required statutory clearances, the money will be pumped in one or more tranches over the course of the upcoming few months.

Switch Group of Companies (Switch Mobility Ltd - UK and Switch Mobility Automotive Ltd - India) house the Electric Mobility initiative of the commercial vehicle major, Ashok Leyland, focusing on e-Buses and e-LCVs.

Over the last few years, Switch India has had major success in garnering orders from State Transport Undertakings.

As of date, Switch in India and the UK has over 800 buses plying successfully and has an order book of over 1,200 buses. Switch India had a successful launch of India’s only Double Decker e-Bus last year.