Q: What is the role of Switch Mobility in Ashok Leyland's journey towards electric vehicles?
Ans:
*Switch is positioned as a global company
*Our vision is democratising zero-carbon mobility
*We will operate both in passenger and goods segments
*Lot of synergies and support as a subsidiary of Ashok Leyland
*We have leveraged Ashok Leyland assets significantly in past 2 years)
Q: How many buses have you supplied in the Indian market so far and what growth potential do you see?
Ans:
*We had about 100 buses at the start of the year
*We have around 100 buses running in the UK as well
*We have around 600-plus orders this year
*Moving from delivering 60 buses last year to 600 now)
Q: How are you looking at the upcoming tenders by the government?
Ans:
*Govt, CESL tenders are futuristic
*Lot of investment, action on sustainable mobility
*Next tender is for 5,400 buses
*India ahead of many developed countries in electric buses
Q: How is the global expansion strategy of Switch going ahead, especially with the current crisis that the international market is going through?
Ans:
*India a bright spot amid global turmoil
*Facing policy flip-flops in UK, energy crisis in Europe
*Will take specific actions tailored to countries, regions
*International markets will stabilise in long run
Q: You were in talks with financial investors for raising funds. What is the status of that?
Ans:
*No issue in raising funds from the group or getting strategic partner
*All partners will be in place by FY23-end if all goes well
*Working on $250-300-mn deal between Switch and Ohm)
 "How is Switch powering up green mobility in India?")
