Dana to make minority investment in Switch Mobility

Capital Market 

Switch Mobility, the Electrified Commercial Vehicles company and subsidiary of Ashok Leyland, Indian flagship of the Hinduja Group and a leading company vehicle manufacturer, today announced a strategic agreement with Dana Incorporated (Dana), the global leader in drivetrain and e-propulsion systems, to make a minority investment in Switch.

Under the terms of the agreement, Dana will make a strategic investment in Switch Mobility and will also be a preferred supplier of electric drivetrain components for the company's e-bus and EV commercial vehicle offering - including e-Axles, gearboxes, motors, inverters, software and controls, and electronics cooling.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Fri, July 30 2021. 09:13 IST
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