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July 30, 2021

Dana to invest in Ashok Leyland’s Switch Mobility

Dana to become preferred supplier to Ashok Leyland's CV EV JV.

By Graeme Roberts

Dana, the drivetrain and e-propulsion system supplier, and Ashok Leyland subsidiary Switch Mobility have signed an agreement.

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How attractive are current investment opportunities in Europe?

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Dana will invest in Switch and become a ‘preferred’ supplier of electric drivetrain components for the company’s e-bus and EV commercial vehicle models, providing e-axles, gearboxes, motors, inverters, software and controls, and electronics cooling.

Dana chairman and CEO James Kamsickassaid: “Light commercial vehicles and buses continue to present significant opportunities as they lead the commercial vehicle segment’s shift to fully electrified platforms.”

Switch Mobility chairman Dheeraj Hinduja said: “Dana has over a century of proven track record of leading transformative vehicle technologies.”

Switch Mobility combines the electrical commercial vehicle operations of Ashok Leyland in India and Optare in the UK.

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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