June 15, 2022
Blog Admin
Ashok Leyland unveils e-bus platform
Ashok Leyland’s electric vehicle subsidiary Switch on Tuesday launched its next-generation electric bus platform ‘Switch EiV 12’ for the Indian market. It will be available in two variants–EiV 12 low-floor and EiV 12 standard. The firm currently has an order book for over 600 buses. The EiV platform (Electric intelligent Vehicle) includes telematics and connectivity through Switch iON. It enables remote, real-time diagnostics and monitoring services, as well as digital battery management tools. The EV architecture of the EiV platform was recently launched on the European Switch e1 bus.
Switch Mobility is in talks with financial investors to raise about $300 million–$200 million for capital expenditure needs and $100 million for Switch subsidiary Ohm Global Mobility, a top company executive said.As part of the production-linked incentive scheme, Ashok Leyland and Switch are jointly planning to invest over Rs 2,000 crore.
“We are looking to raise around $200 million for Switch, which will be used in improving products and capacity. In Ohm, the $100 million will be used to acquire new businesses,” said Mahesh Babu, Chief Operating Officer at Switch Mobility.
Ashok Leyland unveils e-bus platform will get boost with confirmed orders for 600 buses. The government is reportedly planning for a mega tender of 50,000 electric buses & Switch is betting big on upcoming tenders by the government.
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