Switch Automotive Mobility, the electric vehicle arm of commercial vehicle major Ashok Leyland, on Monday said its chief executive officer (CEO) S Mahesh Babu will step down from his role effective August 31, 2025, to pursue opportunities outside the Hinduja Group.
Ganesh Mani, chief operating officer (COO) of Ashok Leyland, will assume additional responsibilities as CEO of Switch Automotive Mobility (Switch India), the company said in a statement.
“We would like to place on record our appreciation to Mahesh for his significant contributions during his tenure with us. Having achieved Ebitda breakeven in FY25, Switch India is now poised to scale up the business and achieve positive PAT status shortly,” said Dheeraj G Hinduja, chairman, Switch Mobility.
Switch’s portfolio includes the EiV range of electric buses, including India’s first electric double-decker, the SWITCH EiV22, and the SWITCH IeV series of light commercial vehicles catering to last-mile logistics.
Earlier in March, Ashok Leyland had announced the closure of manufacturing and assembly operations of its step-down subsidiary Switch Mobility UK, at its Sherburn facility, citing sustained losses and sluggish demand for electric buses in the UK and Europe. The company had then said it would intensify focus on Switch Mobility India, given the rising demand in the domestic market.
Switch India posted an Ebitda margin of 6% for the year ended March 2025. Backed by an order book of over 1,500 buses, the company said it expects to double its revenue in FY26.