CHENNAI: Ashok Leyland subsidiary Switch Mobility UK is considering ceasing production at its Sherburn UK facility due to sluggish sales. Instead, Switch will “double down on India” where it is doing very well.It will also focus more on production from India and the UAE to cater to the UK and European markets in the future. This seems to be the right time to cut down losses in the UK market.”On the other hand, the EV bus market in India is doing exceptionally well. The current cash flow requirements of Switch UK will be borne out of the 45 million pound equity infusion already approved by the board of Ashok Leyland in February this year.”Switch India “is doing much better than expected and should not require significant equity infusion in near future. On an overall basis the value accretion from Switch EV business is expected to be much more than the investments made in these entities,” he explained.
