Ashok Leyland Limited — Updates, 30-06-2025: Press Release

Ashok Leyland’s COO Ganesh Mani will take additional charge as CEO of Switch India starting September, succeeding S Mahesh Babu who is stepping down. Switch India, focused on electric commercial vehicles, achieved EBITDA breakeven in FY25 and targets positive PAT soon. They offer electric buses with a 200 km range and light commercial vehicles, backed by a strong order book of 1,500+ buses. Switch aims to double revenue in FY26, leveraging Ashok Leyland’s operational strengths and expanding their network of 50+ dealerships and 100+ service points nationwide.