Mahesh Babu set to join Ashok Leyland’s EV business, Auto News, ET Auto

Mahesh Babu, ex CEO of Mahindra Electrical is established to join Chennai centered Ashok Leyland Minimal. He is anticipated to acquire around as the CEO of the company’s EV business, Swap Mobility from September one, men and women in the know knowledgeable ET Vehicle.

Ashok Leyland, the industrial vehicle significant has not long ago consolidated its entire electric vehicle business of the team, together with Uk Based Optare into a new company named Swap Mobility. It is comprehended that Babu will be centered out of Chennai, nevertheless with international obligations. When ETAuto Contacted, Babu declined to remark on the developement.

Babu has been one of the a lot of hi-profile exits from the Mahindra Group in latest occasions, put up serving the company for around a decade. He is instrumental in the building of the company’s successful XUV500 centered out of Mahindra Study Centre in Chennai. Post the exact same, he took around as the CEO of Mahindra Electrical at Bangalore and is credited with building a strong B2B electric vehicle business for Mahindra.

With most auto OEMs offering a thrust to the EV business, Swap Mobility would be liable for the EV functions of the team with Ashok Leyland focusing on its main business of diesel-run automobiles as perfectly as functioning on choice fuels such as CNG, LNG and Hydrogen. The new company will be launching an electric van in India by the finish of the existing monetary 12 months, aimed at industrial vehicle fleet operators, an space in which Babu specializes in. Swap Mobility has claimed that it previously has 2000 additionally progress orders for the exact same.

All EVs released by the team henceforth would be less than the Swap model, together with in India. Both of those India and the Uk will provide as production bases with India largely enjoyable the community demand from customers as perfectly as that of other emerging markets.

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