November 07, 2024

  • Daily Motion

Ashok Leyland renames its UK Optare as Switch Mobility for electrification 

Ashok Leyland

Ashok Leyland renames its UK Optare as Switch Mobility for electrification 

Hinduja flagship and the fourth-largest manufacturer of buses in the world and 10th largest manufacturer of trucks globally and the second-largest commercial vehicle manufacturer in India, Ashok Leyland renamed its UK subsidiary Optare Group as Switch Mobility as part of the drive towards electrification and new mobility services. It announced plans to bring ALL’s entire EV initiatives under this entity. As the company plans to leverage the growth opportunities in the global LCV & bus EV market which will grow more than 25% and will be worth $50 billion by 2030.

Ashok Leyland

Unveiling the new logo and name, ALL chairman Dheeraj Hinduja said “Optare is adopting a new identity and logo as Switch, which signals our strategic ambitions in electric and green mobility. Towards this, Ashok Leyland is examining various options to bring the entire EV initiatives of Ashok Leyland under Switch Mobility Ltd.”

Optare is a leading manufacturer of urban buses with an assembly facility in Sherburn, near Leeds, Yorkshire. It has more than 300 employees.

“To capture part of that market, we are considering EV initiatives through Switch that could include financial participation and strategic tie-ups,” Hinduja noted. The switch will build on the success of Optare in the UK, where it is a leading player in electric buses with more than 150 of them currently operating successfully in its home market, he added.

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