{"id":8995,"date":"2021-12-15T18:43:50","date_gmt":"2021-12-15T13:13:50","guid":{"rendered":"https:\/\/tradebrains.in\/features\/biz-switch-mobility\/"},"modified":"2021-12-16T10:01:44","modified_gmt":"2021-12-16T04:31:44","slug":"biz-switch-mobility","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-switch-mobility\/","title":{"rendered":"Switch Mobility to set up manufacturing, technology centre in Spain"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2756086766\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>       New Delhi, Dec 15 (PTI) Switch Mobility, a unit of Ashok Leyland, on Wednesday said it will set up a manufacturing and technology centre at Castilla y Leon in Spain with plans to invest 100 million Euros (about Rs 860 crore) over the next ten years.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3784968258\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p>        With already a significant presence in the UK and India, the new facility will extend Switch\u2019s footprint as part of the company\u2019s global plans.<\/p>\n<p>        The facility will comprise two production lines and is expected to see the first buses produced in the fourth quarter of next year.<\/p>\n<p>         It will initially focus on the manufacturing of net zero carbon electric vehicles for the European market and R&#038;D of Switch\u2019s next generation of electric buses and light commercial vehicles.<\/p><div class=\"trade-content_5\" id=\"trade-2751809946\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>         The site will also have capacity to serve markets further afield including South America.<\/p>\n<p>         &#8220;Supporting our well-established sites in the UK and India, our Spanish facility will provide us with crucial access to the European market,&#8221; Switch Mobility Executive Vice Chairman and CEO Andy Palmer noted.<\/p>\n<p> The company plans to invest around 100 million Euros over the next ten years to generate significant economic benefit to surrounding communities, creating up to 2,000 talented direct jobs and around 5,000 indirect jobs.<\/p>\n<p>         Construction of the new centre will commence on  January 27, 2022.<\/p>\n<p>         Switch Mobility Automotive Ltd was incorporated to carry on the business of manufacturing and sales of electric vehicles.<\/p>\n<p>          Hinduja group&#8217;s flagship Ashok Leyland makes trucks, buses, light vehicles and defence vehicles. PTI MSS  MSS RUJ RUJ<\/p><div class=\"trade-content-10\" id=\"trade-1151288371\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<div class=\"trade-after-content\" id=\"trade-1949775442\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>New Delhi, Dec 15 (PTI) Switch Mobility, a unit of Ashok Leyland, on Wednesday said it will set up a manufacturing and technology centre at Castilla y Leon in Spain with plans to invest 100 million Euros (about Rs 860 crore) over the next ten years. With already a significant presence in the UK and [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1696,31],"tags":[],"class_list":["post-8995","post","type-post","status-publish","format-standard","hentry","category-corporate-action","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Switch Mobility to set up manufacturing, technology centre in Spain - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-switch-mobility\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Switch Mobility to set up manufacturing, technology centre in Spain\" \/>\n<meta property=\"og:description\" content=\"New Delhi, Dec 15 (PTI) Switch Mobility, a unit of Ashok Leyland, on Wednesday said it will set up a manufacturing and technology centre at Castilla y Leon in Spain with plans to invest 100 million Euros (about Rs 860 crore) over the next ten years. 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