Ashok Leyland advances 10%, nears 52-week high on drawing up EV road map

Ashok Leyland's subsidiary Switch Mobility announced a strategic agreement with Dana Incorporated, the global leader in drivetrain and e-propulsion systems, to make a minority investment in Switch

Shares of Ashok Leyland edged higher by 10 per cent to Rs 137.45 on the BSE in intra-day trade on Friday on the back of heavy volumes after the commercial vehicle (CV) major lined up its electric vehicle (EV) road map on Wednesday. The stock Hinduja Group Company was trading close to its 52-week high level of Rs 138.85 touched on February 4, 2021.

Switch Mobility, the Electrified Commercial Vehicles company and a subsidiary of Ashok Leyland on Wednesday announced a strategic agreement with Dana Incorporated (Dana), the global leader in drivetrain and e-propulsion systems, to make a minority investment in