New Delhi, March 27 -- Ashok Leyland Ltd's step-down e-bus subsidiary Switch Mobility Ltd (Switch UK), is cutting its losses. Post market hours on Wednesday, Ashok Leyland announced that the board of Switch UK had approved the commencement of a consultation process with employees, which could potentially lead to the cessation of its manufacturing and assembly activities at its Sherburn facility.

Sluggish e-buses demand amid an uncertain outlook for e-buses in the UK has made manufacturing operations unviable in the region, leading to this decision. That said, Ashok Leyland has no plans to exit the UK market and plans execute all the orders on hand. Also, it will continue to provide aftermarket and service support from two other facilitie...