Switch Mobility

What Switch Mobility does

Switch Mobility Automotive Ltd. is the dedicated electric vehicle subsidiary of Ashok Leyland (part of the Hinduja Group) and operates as a multi-product electric commercial vehicle manufacturer headquartered in Chennai, India. The company designs and manufactures 12-metre city buses (EiV12), intercity coaches (EiV12mt), India's first electric double-decker bus (SWITCH EiV 22), electric light commercial vehicles in the 2–4 tonne segment, and electric municipal vehicles including the IeV3 Garbage Tipper and IeV4 Electric Road Sweeper. Its product portfolio is anchored by the proprietary SWITCH iON connected vehicle platform, which provides real-time fleet monitoring, battery health tracking, charging management, and operational analytics across the deployed base.

The company's revenue model is dominated by hardware sales to government transport undertakings, municipal corporations, and agencies such as Convergence Energy Services Limited (CESL) through competitive tenders, supplemented by direct enterprise sales to private fleet operators and government-to-government export arrangements. Demand is materially supported by Indian electrification incentive programs (PM e-DRIVE, FAME) and the recently signed Delhi-NCR vehicle replacement scheme. In FY26, Switch Mobility delivered 1,530 electric buses and approximately 1,600 e-LCVs, capturing 23% of India's e-bus market and over 40% of the e-LCV segment, while achieving first full-year profitability with revenue of approximately ₹1,807 crore (≈USD 215 million) and PAT of ₹104 crore.

The go-to-market motion combines enterprise field sales into government tenders with international expansion into Mauritius, Seychelles, Bhutan, Nepal, and a planned UAE manufacturing hub in Ras Al Khaimah to serve GCC and European markets. Vertical integration is being pursued via a ₹5,000 crore battery manufacturing joint initiative with Chinese battery maker CALB near Chennai, with production targeted for FY28. Distribution and brand credibility are inherited from parent Ashok Leyland's ~40% share of India's conventional bus market, providing Switch Mobility with immediate STU relationships and a service network advantage over pure-play EV competitors.

Name

Switch Mobility

Legal name

Switch Mobility Automotive Ltd.

Website

https://switchmobility.tech

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Switch Mobility Automotive Ltd. is the electric vehicle subsidiary of Ashok Leyland (Hinduja Group), manufacturing electric buses, intercity coaches, double-decker buses, light commercial vehicles, and municipal EVs for government transport undertakings, municipal corporations, and private fleet operators across India and select export markets.

Ownership category

akta.pro rank

Product category

Electric Commercial Vehicles

NAICS

Motor Vehicle Electrical and Electronic Equipment Manufacturing (33632)

SIC

Misc Industrial & Commercial Machinery & Equipment (3590)

akta.pro primary industry

Electric Bus & Coach Leasing/Rental (Battery-Electric) (TLABADAI)

akta.pro secondary industry

Light Electric Vehicles (NEVs/LSEVs/Quadricycles) Manufacturing (IMACAOAC)

Keywords

• Electric buses
• Electric commercial vehicles
• Light commercial vehicles
• Connected vehicle platform
• Municipal electric vehicles

Headquarters

HQ city

Leeds

HQ country

United Kingdom

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Electric Bus Sales: Sale of electric buses including urban transit buses, intercity coaches, and double-decker buses to government transport undertakings, municipal corporations, and private fleet operators. Primary revenue driver representing majority of company revenue at approximately ₹1,800 crore in FY26.
2. Electric Light Commercial Vehicle Sales: Sale of electric LCVs in the 2-4 tonne segment, including municipal vehicles, last-mile delivery vehicles, and refrigerated trucks. Growing segment with approximately 1,600 units sold in FY26.
3. Government Scheme Incentives: Revenue supported by government electrification programs including PM e-DRIVE and FAME schemes, which provide demand incentives and subsidies for electric vehicle procurement.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

Switch Mobility designs, manufactures, and sells zero-emission electric commercial vehicles — primarily 12-metre city buses (EiV12), intercity coaches, India's only electric double-decker (EiV 22), electric light commercial vehicles (2-4 tonne), and electric municipal vehicles (garbage tipper, road sweeper). These hardware offerings are bundled with the proprietary SWITCH iON connected vehicle platform that delivers real-time fleet monitoring, battery health, and charging management to government transport undertakings, private fleet operators, and municipal corporations.

Product overview

Switch Mobility, the electric vehicle arm of Ashok Leyland (Hinduja Group), operates as a multi-product electric commercial vehicle manufacturer producing electric buses (12-metre city buses, intercity coaches, double-decker buses), electric municipal vehicles (garbage tippers, road sweepers), and electric light commercial vehicles (2-4 tonne segment). The company complements its vehicle portfolio with SWITCH iON, a proprietary connected vehicle platform that provides real-time fleet monitoring, battery management, and operational analytics. Products are manufactured in India with exports to international markets including Mauritius, Seychelles, Bhutan, Nepal, and GCC countries. The company achieved first full-year profit in FY26 with revenue of approximately ₹1,800 crore and holds 23% share in India's electric bus segment.

Differentiator

Problem solved

Functional benefit

Brands

• SWITCH iON: Proprietary connected vehicle platform used in electric buses

Products and services

• SWITCH EiV12 Electric Bus 12-metre low-floor electric bus designed for urban intracity operations. Features LFP battery chemistry engineered for tropical conditions, DC fast charging via CCS-2, up to 300 km range, and SWITCH iON connected vehicle technology. Sold to government transport undertakings and private fleet operators.
• SWITCH EiV 22 Electric Double-Decker Bus

Quantifiable outcome

• 238% YoY growth in electric bus sales to 1,530 units in FY26
• +4 more outcomes

Named customers10 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature4 records

Partnerships

Ten partnerships are on record, tiered flagship, strategic and core.

• Ministry of Road Transport and Highways (India)flagshipStrategic or Co-development Partner · 16 June 2026MoU signed under government scheme for replacement of old trucks and buses in Delhi-NCR region, providing 8% discount on ex-showroom prices. First OEMs to partner with government for fleet modernization scheme.
• PT Pindad (Indonesia)strategicStrategic or Co-development Partner · 4 February 2026Ashok Leyland partnership with Indonesian state-owned manufacturer for joint development of electric buses and defence vehicles. Combines Ashok Leyland's EV platforms with Pindad's local manufacturing capabilities.
• Celcius Logistics SolutionsstrategicStrategic or Co-development Partner · 1 October 2025MoU signed for India's largest deployment of 350 electric refrigerated trucks, expanding Switch Mobility's presence in cold chain logistics and e-LCV segment.
• Ashok Leyland (Parent Company)coreOthersSwitch Mobility is the electric vehicle subsidiary of Ashok Leyland, part of the Hinduja Group. Ashok Leyland holds significant ownership through Optare PLC and provides manufacturing capabilities, distribution network, and brand credibility. Ashok Leyland reported record FY26 performance with Switch Mobility contributing ₹1,807 crore in revenue.
• National Transport Corporation, MauritiusflagshipChannel Partner/ Reseller/ DistributorGovernment-to-government arrangement for delivery of 100 electric buses to Mauritius, the largest-ever e-bus export from India. Buses supplied through Convergence Energy Services Limited (CESL) tender and provided as donation from Government of India, operated by Mauritius' state-owned National Transport Corporation.
• Convergence Energy Services Limited (CESL)coreChannel Partner/ Reseller/ DistributorGovernment consortium managing large-scale electric bus tenders. Switch Mobility won 272 buses in a 950-unit CESL tender for Delhi, with Ohm Global Mobility providing operational support.
• Prasanna Purple Mobility SolutionscoreChannel Partner/ Reseller/ DistributorPartnership for 25 electric intercity coaches for Mumbai-Pune route, marking Switch Mobility's entry into private intercity electric mobility segment. Executed in strategic partnership with Vertelo.
• VertelostrategicChannel Partner/ Reseller/ DistributorFleet electrification platform providing integrated EV solutions including leasing, financing, and charging infrastructure. Partnered with Switch Mobility for electric bus deployments.
• CALB (China Lithium Battery Technology)coreTechnology or IntegrationPartnership with Chinese battery manufacturer for localized battery pack production at Pillaipakkam facility near Chennai. Expected to start production in FY28, supporting EV operations with localized battery supply.
• Delhi Tourism / Government of NCT of DelhiflagshipChannel Partner/ Reseller/ DistributorDonated India's first electric double-decker AC bus (SWITCH EiV 22) for Delhi's heritage tourism under 'Dekho Meri Dilli' initiative. Presented to Chief Minister Rekha Gupta.

Scale indicators13 records

Recent moves10 records

Expansion highlights8 records

Direct peers

• Tata Motors: Tata Motors is India's largest commercial vehicle manufacturer with significant electric bus operations through Tata Starbus Electric and Ultra EV. Directly competes with Switch Mobility in CESL tenders and State Transport Undertaking bids, serving identical government and municipal customers with similar electric bus products.
• Olectra Greentech: Olectra Greentech is a leading Indian electric bus manufacturer partnering with BYD for technology. Competes directly with Switch Mobility in the same government tender processes and serves identical STU/CESL customer base with similar battery-electric bus offerings.
• JBM Auto: JBM Auto is an Indian automotive conglomerate with growing electric bus operations through JBM Ecolife. Competes directly with Switch Mobility in India's electric bus tender market, targeting similar STU and CESL customers with comparable 12m and 9m electric bus products.
• Mahindra Electric: Mahindra Electric (now Mahindra Last Mile Mobility) is a major Indian EV player with electric three-wheelers and small commercial vehicles. Partially overlaps with Switch's e-LCV segment (2-4 tonne) and competes in the broader Indian electric commercial vehicle market with similar last-mile delivery customer base.
• VECV (Eicher-Volvo): VE Commercial Vehicles is a joint venture between Eicher Motors and Volvo Group manufacturing trucks and buses in India. Competes with Switch Mobility in Indian commercial vehicle tenders and is expanding into electric CVs through its Pro Business series, overlapping with Switch's e-LCV and emerging electric truck strategy.
• SML Isuzu: SML Isuzu is an Indian commercial vehicle manufacturer producing buses and trucks primarily for the domestic market. Competes with Switch Mobility in similar STU tender processes for buses and trucks, though with limited current EV penetration, positioning it as a traditional ICE competitor gradually transitioning to electric.

Broad incumbents

• BYD: BYD is a global EV leader with significant electric bus and commercial vehicle operations. Partner of Olectra Greentech in India and serves international markets where Switch Mobility is expanding (Mauritius, GCC), making it a broad incumbent competitor across geographies.
• Volvo Buses: Volvo Buses is a global manufacturer of electric and hybrid buses with strong premium positioning. Competes with Switch Mobility in international markets (Europe, exports) while serving as technology partner to Eicher (VECV) in India, overlapping with Switch's global expansion ambitions in Europe and GCC.
• Yutong: Yutong is the world's largest bus manufacturer with significant electric bus operations globally, particularly strong in international markets where Switch is expanding (Mauritius, GCC, Southeast Asia). Competes with Switch in export markets and represents broader incumbent competition in the global electric bus industry.

Others

• Ashok Leyland: Ashok Leyland is Switch Mobility's parent company and India's largest ICE bus and commercial vehicle manufacturer. Provides manufacturing capabilities, distribution network, and brand credibility to Switch while competing in the parent company's traditional ICE bus segment that Switch's EV products are gradually displacing.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/switchmobilitye

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Switch Mobility