 | |
| Formerly | Optare (1985–2020)[1] |
|---|---|
| Company type | Public |
| Optare Group Limited | |
| ISIN | INE208A01029 |
| Industry | Automotive |
| Founded | February 1985 (as Optare) |
| Headquarters | Sherburn-in-Elmet, England |
Area served | Worldwide |
Key people | Dheeraj Hinduja (Chairman) |
| Products | |
| Revenue |  $4.88 million (31 March 2020) |
Number of employees | 325 |
| Parent | Ashok Leyland |
| Website | switchmobilityev |
Switch Mobility (Optare until 2020)[1] is a British bus manufacturer based in Sherburn-in-Elmet, North Yorkshire. It is a subsidiary of Indian company Ashok Leyland. The company is responsible for the EV operations of the group with Ashok Leyland focusing on its core business of diesel-powered vehicles as well as work on alternative fuels like compressed natural gas (CNG), liquefied natural gas (LNG) and hydrogen.[2]
After being rebranded from Optare[3] to Switch Mobility in November 2020,[4] it announced plans in 2021 to set up a plant in India for its electric vehicle business.[5] Later, it acquired the EV division from parent company Ashok Leyland via a slump sale of ₹240 crores (~£23 million).[6][7]
Switch Mobility has two subsidiary companies. The first subsidiary is Switch Mobility Automotive Ltd, which brings together Ashok Leyland's Indian based EV operations with the expertise of the UK-based bus manufacturing division. The second subsidiary is named OHM Global Mobility Private Ltd which provides Mobility as a Service (eMaaS) solutions in India.[8]
- ^ a b "Switch Mobility Limited". Companies House. UK Government. Retrieved 12 July 2022.
- ^ "Ashok Leyland to transfer complete electric vehicles business to new arm Switch Mobility". The Economic Times. Retrieved 27 May 2022.
- ^ "URI". data.companieshouse.gov.uk. Retrieved 7 June 2022.
- ^ "Optare Group Limited renamed as Switch Mobility Limited". Optare. 30 November 2020. Archived from the original on 15 March 2021. Retrieved 5 December 2020.
- ^ "Ashok Leyland to set up 'mother EV' plant in India under UK-subsidiary Switch". The Economic Times. Retrieved 27 May 2022.
- ^ "Ashok Leyland ups shareholding in Optare to 99.08% to help arm slash debt burden". Financialexpress. Retrieved 27 May 2022.
- ^ "Ashok Leyland" (PDF). Motilal Oswal. 14 February 2022. Retrieved 9 May 2022.
- ^ "Ashok Leyland to carve out two new units to strengthen green transport solutions". mint. 7 April 2021. Retrieved 27 May 2022.