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Ashok Leyland says Optare Infusion is Switch UK Debt Repayment, Not Growth Capital

Ashok Leyland says Optare Infusion is Switch UK Debt Repayment, Not Growth Capital

autherShahkar Abidi     calendar14 Aug 2026

Company says equity it keeps putting into UK subsidiary Optare Plc is being used to retire loans on Switch Mobility's UK books, and that its Indian electric vehicle arm is no longer drawing on the parent.

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Ashok Leyland Board Clears Rs 325 Crore for Optare, Rs 500 Crore for Housing Arm
Ashok Leyland Board Clears Rs 325 Crore for Optare, Rs 500 Crore for Housing Arm

autherShahkar Abidi calendar14 Aug 2026

Money again earmarked for loan repayment, even as U.K. the U.K. subsidiary's top line nearly tripled in two years.

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Montra Electric Enters Global Market with Super Auto Launch in Nepal
Montra Electric Enters Global Market with Super Auto Launch in Nepal

autherDev Vadchhedia calendar14 Aug 2026

Commercial EV manufacturer partners with Hipco Superbuild to expand its electric three wheeler footprint international...

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Mahindra to Roll Out 4-5 LCV/ICV Products in FY27
Mahindra to Roll Out 4-5 LCV/ICV Products in FY27

By Darshan Nakhwa and Shahkar Abidi calendar14 Aug 2026

The CV maker will use SML’s existing products to fill portfolio gaps while developing common platforms as it targets a...

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Kia India Opens Second Dealer Training Academy in Ahmedabad
Kia India Opens Second Dealer Training Academy in Ahmedabad

autherDev Vadchhedia calendar14 Aug 2026

New facility at Supernova Kia to train 250 personnel monthly, expanding company's combined training capacity to 500 ac...

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Updated Royal Enfield Continental GT 650 Launched Starting at Rs 3.58 Lakh
Updated Royal Enfield Continental GT 650 Launched Starting at Rs 3.58 Lakh

autherDev Vadchhedia calendar14 Aug 2026

Continental GT 650 cafe racer receives LED indicators, USB Type-C fast charging, and a blacked-out treatment for the R...

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Carmakers Flag E20 Fuel Contamination Concerns: Reuters
Carmakers Flag E20 Fuel Contamination Concerns: Reuters

autherAutocar Professional Bureau calendar14 Aug 2026

Maruti Suzuki, Tata Motors and Mahindra reportedly tested more than 250 fuel samples and raised concerns over chloride...

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Maruti Suzuki to Launch Baleno Facelift on September 5
Maruti Suzuki to Launch Baleno Facelift on September 5

By Nayan Jain calendar14 Aug 2026

The updated premium hatchback is expected to receive styling and feature upgrades while retaining its existing petrol ...

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Suzuki Motorcycle India Opens Dealership in Bareilly
Suzuki Motorcycle India Opens Dealership in Bareilly

autherDev Vadchhedia calendar14 Aug 2026

New 3S facility takes two-wheeler manufacturer's network to 63 touchpoints in Uttar Pradesh and 1,251 across India.

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Ashok Leyland Q1 FY27 Profit Rises 3% to Record ₹609 Crore; Revenue Up 10%
Ashok Leyland Q1 FY27 Profit Rises 3% to Record ₹609 Crore; Revenue Up 10%

autherAutocar Professional Bureau calendar14 Aug 2026

Record commercial vehicle volumes supported earnings, although rising material costs pulled the EBITDA margin down by ...

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POLL OF THE MONTH

Has the US-Iran war given a structural boost to EV adoption in India?

Has the US-Iran war given a structural boost to EV adoption in India?

Yes

 

74.78%

No

 

25.22%

Total Votes : 448