HYDERABAD / RAS AL KHAIMAH: Indian commercial vehicle manufacturer Ashok Leyland is set to start producing electric buses for the European market at its Ras Al Khaimah plant within the next 12 months, according to Managing Director and CEO Shenu Agarwal
This initiative comes amid evolving plans in the group’s EV strategy. Late last year, Switch Mobility introduced two electric bus models — EiV12 and E1 — intended for Europe. However, previous European production projects, including a planned facility in Spain, were reportedly halted, and the earlier 2022 E1 launch was not marketed in Europe. It remains unclear whether the upcoming E1 model shares specifications with the earlier version or is part of a new initiative.
Switch Mobility buses are already being exported to Mauritius, and the company has secured an order for 45 electric buses from Bhutan. Between April and December 2025, Switch India sold 850 buses and 1,200 electric light commercial vehicles, with an order book totaling 1,350 units, including over 240 deliveries in Delhi.
Ashok Leyland is also exploring external funding options for its EV division, OHM Global Mobility. The company has invested Rs 300 crore and earmarked another Rs 300 crore, with plans to raise additional funds for expansion.
In the third quarter, Ashok Leyland reported a profit of Rs 796 crore, up 4% year-on-year, while exports rose to 4,965 units from 4,151 units in the same period last year.
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