Video: Ganesh Mani on Switch Mobility’s $1 Billion Revenue Target

Switch Mobility is aiming to cross the $1 billion revenue mark within the next five years, signalling an aggressive scale-up in India’s electric commercial vehicle market.

In a video interaction with Autocar Professional on the sidelines of the launch of Delhi’s first electric double-decker bus, Ganesh Mani, CEO, Switch Mobility and COO, Ashok Leyland, said the milestone would mean growing nearly four times from current levels.

The company expects to close the current financial year with over 1,500 electric buses, almost double last year’s volumes. It already has an order book of around 2,500 buses for the next financial year, providing strong visibility on growth.

Switch has deployed more than 100 electric double-decker buses across Indian cities including Mumbai, Bhubaneswar and Ahmedabad, with Delhi now joining the list.

However, Mani pointed to high upfront capital costs, battery pricing, financing access and charging infrastructure as the key hurdles in scaling electric mobility. While electric buses turn operationally positive within four to five years compared to diesel, bridging the initial investment gap remains critical.

With a billion-dollar ambition and a growing order pipeline, Switch Mobility is positioning itself for the next phase of India’s electric bus transition.

Watch the full video interaction below for detailed insights into Switch’s growth roadmap and the economics of electric buses.

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