Switch Mobility Ltd., Ashok Leyland’s (AL) EV-only entity, recentlyoutlined their long term goal of democratizing zero-carbon e-mobility led bye-buses and e-vans. The company, at the investor meet that it hosted recently,has stated that the potential global total available market would be to thetune of ~US$70-bn in CY30.
Some of the key takeaways from the meet are:
Switch Mobility(Switch) and alternate powertrains: WithSwitch, AL plans to upscale its presence into the zero-carbon mobility spacewith technologically advanced products. The company plans to raise ~US$150-mnto US$200-mn capital through strategic and financial partners.
AL has already,over the years, invested ~US$130-mn in Switch (via Optare), and it also plansto introduce these BEV, FCEV, and LNG powertrains in India over coming years.The company expects alternate powertrains based revenue to reach ~10 per centof sales in the medium term.
‘Digital Twin’with data marketplace: The ‘Digital Twin’ approach will enablethe company to reduce the total cost of ownership (TCO) and carbon footprint. Theapproach involves live-tracking of the EV, speed, and performance among othermetrics to optimize route preference, minimize battery usage, and improve drivequality. The data collected from the EVs in conjunction with other partners,government bodies, and financiers can be utilized to develop a connectedecosystem through the data marketplace.
OHM globalmobility to enable faster adoption: OHM is aninnovative B2B pay-as-you-use mobility-as-a-service model to lower the cost ofacquisition for its customers. OHM service can be customized as per differentcustomer needs, and can lower upfront TCO and build sustainable cost-effectivesolutions as per customer needs.
Robust, dominantand scalable core CV business: On the domestic front, Bada Dost has helped AL increase itsaddressable market to 50 per cent from 33 per cent. AL plans to launch themodel in Euro-IV and AVTR range for the export markets in FY22. It would offerboth left and right hand drive options for the overseas markets.
The management has stated that the company willrenew its push for exports in the existing markets of GCC, SAARC and Africa,and expansion in newer geographies in CIS and Asean