Hinduja Group said its electric vehicle company Switch Mobility will roll out its electric (E) buses and light commercial vehicles (LCV) from the group’s UK and Indian plants.
Ashok Leyland will look at developing vehicles powered by alternate fuels like bio-diesel, LNG including hydrogen cells.
“Financial investors are showing keen interest in the company for a tie-up and the group wants Switch Mobility to be independent even though it is a subsidiary of Ashok Leyland,” Dheeraj Hinduja, Chairman, Ashok Leyland, said.
Hinduja said already about 280 electric vehicles of the group are on the roads in India and overseas logging over 26 million miles.
Early this month Switch Mobility said it has secured orders for a 2,000-strong E-LCV fleet with customer trials starting this month.
The company will be converting Ashok Leyland’s LCVs Dost and Bada Dost into E-powered ones.
Switch Mobility will be following the revenue model of pay-per-use or subscription models.