|Bid||134.50 x 0|
|Ask||134.65 x 0|
|Day's range||133.55 - 137.35|
|52-week range||48.65 - 138.90|
|Beta (5Y monthly)||1.15|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||0.60 (0.45%)|
|1y target est||132.43|
New Delhi, Jul 30 (PTI) Switch Mobility, the electric commercial vehicles arm of Ashok Leyland, on Friday said Dana Incorporated (Dana), a global leader in drivetrain and e-propulsion systems, has picked up 1 per cent stake in it for USD 18 million (over Rs 130 crore).
Switch Mobility, a unit of Indian commercial vehicle maker Ashok Leyland Ltd, plans production of a 'global' electric van around 2024, joining a growing field of companies racing to bring zero-emission last-mile delivery vehicles to market. The vans will be for sale in developed markets like North America, Europe and Japan, and be produced in Europe, relying on Ashok Leyland's low-cost Indian supply base, Switch chief executive Andy Palmer told Reuters. The company also has lower-cost electric vans that will go on sale in emerging markets such as India later this year.
New Delhi, Jul 28 (PTI) Hinduja group flagship firm Ashok Leyland will invest up to USD 200 million (nearly Rs 1,500 crore) in its electric vehicles journey through its UK-based arm Switch Mobility in the next few years, according to company officials.