Hinduja Group’s Switch Mobility likely to cease U.K. manufacturing operations owning to losses
The Hindu
Switch Mobility Limited U.K. considers ceasing manufacturing activities amid low demand, while focusing on growth in India's EV market.
Amid lack of demand for electric buses in U.K. and Europe and mounting losses, the Board of Directors of Switch Mobility Limited U.K., a subsidiary of Hinduja Group’s Ashok Leyland Limited has approved commencement of consultation process with the employees which could lead to cessation of its manufacturing and assembly activities at the Sherburn facility in the United Kingdom.
“Switch U.K. will execute and complete all the orders on hand and will continue to provide aftermarket support for the existing vehicle operating there,” the company said in a statement.
Also read: Switch Mobility aspires to become a global player in e-mobility, says CEO
“The plan is to cater to the U.K. and Europe markets when market recovers, from Ashok Leyland’s alternate manufacturing sites in India and UAE,” it said.
Shenu Agarwal, MD & CEO of Ashok Leyland, said, “While Ashok Leyland remained committed to the UK market over the last 15 years, adoption of zero emission passenger vehicles has been tepid. This seems to be the right time to cut down losses in the U.K. market.”
K. M. Balaji, Chief Financial Officer, Ashok Leyland, said, “The potential cessation of manufacturing activities is expected to mitigate the losses of UK operations. The current cash flow requirements of Switch U.K. will be borne out of GBP 45 million of equity infusion already approved by the Board of Ashok Leyland in February this year.
Also read: Switch Mobility unveils two low-floor electric buses
Amazon said it held discussions with some vendors about adjusting costs to reflect the reduction in tariff rates
PFRDA seeks tax neutrality across all NPS payout plans to enhance customer choice and meet diverse pension needs.
Garuda Aerospace and BEL sign MoU to collaborate on supplying advanced drones for India's Defence Forces and security agencies.
Stock markets remain flat amid volatility, with foreign investors selling off equities while domestic buyers show activity.
Microsoft said Tuesday it will shoulder the full electricity costs of its US data centres to prevent American households from facing higher power bills driven by surging AI
The GPU sector is dominated by Nvidia, now the world's most valuable company thanks to frenzied global demand and optimism for AI.
1.2L Turbocharged iTurbo Revotron engine and a twin-cylinder iCNG technology paired with an AMT gearbox.
The Passenger Vehicle PV) segment clocked its highest-ever sales in a calendar year 2025 (CY25) at 44.90 lakh units, growing 5% Year on Year (YoY) driven by Q3 offtake, according to the data released by the Society of Indian Automobile Manufacturers (SIAM) on Tuesday.
Human + AI will define the future of work and nearly all HR leaders (97%) anticipate that by 2027, the nature of work will be shaped by humans working alongside AI rather than engaging with it only intermittently, said a Nasscom study conducted in association with Indeed, a US-based job site.
Central bankers express unity with Fed Chair Powell, emphasizing the importance of central bank independence amid political pressures.
Rice exporters urge India's Commerce Ministry for assistance in clearing payments amid Iran's civil unrest impacting trade.
PFRDA forms an expert committee to create a framework for assured payouts under the National Pension Scheme (NPS).
Petroleum Minister Hardeep Puri discusses LNG, LPG, and green hydrogen cooperation with British Columbia's Premier to enhance India-Canada energy partnership.