Ashok Leyland Limited has informed the Exchange regarding a press release dated Jun 30, 2025, titled "Ganesh Mani takes additional charge as CEO Switch India".
ASHOKLEY · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Ashok Leyland has announced a leadership change at its electric vehicle subsidiary, Switch Automotive Mobility Ltd (Switch India). S Mahesh Babu, the current CEO of Switch India, will step down effective August 31, 2025, to pursue opportunities outside the Hinduja Group. From September 1, 2025, Ganesh Mani, who is currently the Chief Operating Officer of Ashok Leyland, will take additional charge as CEO of Switch India. The move is aimed at leveraging Ashok Leyland's strengths to optimize operational costs at Switch India, which recently achieved EBITDA breakeven in FY25. Switch India carries a strong order book of 1,500+ electric buses and targets doubling its top line in FY26, with its product lineup spanning electric buses and light commercial vehicles.
For Ashok Leyland shareholders, this signals tighter integration between the parent and its EV subsidiary, which should improve cost efficiency and execution. While the loss of an experienced CEO is a watchpoint, the appointment of a senior internal leader from Ashok Leyland provides continuity and clearer strategic alignment for Switch India's growth push.