Switch Mobility to invest over Rs. 2,980 crore for developing e-buses, CV across UK, India
Switch Mobility has announced that it plans to invest 300 million pounds (over Rs 2,980 crore) across the UK and India to develop its range of electric buses and light commercial vehicles.
The company anticipates creating over 4,000 skilled jobs in the UK and India as part of the investment, Switch Mobility said in a statement.
British Prime Minister Boris Johnson, who is on a visit to India, praised the company's investment plans and recognized Switch as an example of a business bolstering bilateral trade between the countries.
"We are committed to rolling out next-generation clean green buses in the UK, and Switch Mobility is at the forefront of that revolution. This announcement will bring high-quality jobs and skills to both the UK and India and is a testament to our partnership in the industries of the future," the statement said quoting Johnson.
His India visits also concurred with the launch of the company's new 12m electric bus for India and the announcement of a new Technical Centre in the UK, the statement added.
Switch Mobility Chairman Dheeraj Hinduja said since the formation of the company over a year ago, it has seen the pace of change to electric vehicles for public and commercial transportation increased significantly.
"With a strong order bank of nearly 600 buses and ambitious investment plans already in place, we believe we are well placed to capitalise on this growth. The new 12m bus has been designed specifically considering the requirements of the Indian market and delivering a range of up to 300kms," he added.
Switch Mobility said as part of its investment in the UK, its new technical centre will be the focal point of the company's global research and development team.
It will create over 130 skilled jobs led by Chief Technology Officer Roger Blakey and will focus on the development of Switch's next-generation vehicles.
The venue is anticipated to open in June 2022 and will work closely with Switch's current R&D offices in Chennai, Leeds, and Valladolid employing a further 200 engineers, the statement said.