<ul><li>Ashok Leyland aims for its electric vehicle arm, Switch Mobility, to generate profit to fund its own capital expenditure.</li><li>The company does not plan to go for an IPO for Switch Mobility in the near future, focusing on profitability first.</li><li>To achieve their goals, Ashok Leyland is emphasizing on achieving Ebitda and PAT positivity, generating sufficient cash for capex, and then scaling up for market share and volumes.</li><li>Ashok Leyland announced bonus shares for the first time in 14 years to reward shareholders, citing significant improvement in Ebitda and positive future prospects.</li></ul>

Ashok Leyland Aims To Make EV Arm Switch Mobility Fund Own Capex

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