Switch Mobility, the electric vehicle division of Ashok Leyland’s Hinduja Group, has introduced two new electric light commercial vehicles (LCVs). These electric LCVs, known as the IeV series, were unveiled at Ashok Leyland’s 75th-anniversary celebrations. The IeV 3 and IeV 4 vehicles are designed to offer efficient and eco-friendly solutions for last-mile transportation needs.
These vehicles, with a 330 V high voltage EV architecture in the 2-3.5 tonne commercial vehicle category, offer a spacious cargo body and a container capacity of 340 cubic feet. They can be charged to 80% in less than an hour and include features aimed at reducing driver fatigue.
Switch Mobility plans to establish 70 outlets across the country to deliver and maintain these vehicles. The company has received 13,000 orders from e-commerce companies like Amazon and Flipkart. Pilot runs will begin in October-December, with customer deliveries starting in January 2024. The pricing of these vehicles will be announced during their market launch.
Initially, the vehicles will be exported to neighboring countries such as Nepal and Bangladesh, with plans to expand into South East Asian countries, the Middle East, and the Gulf Cooperation Council countries in the future. Ashok Leyland has invested Rs 1,200 crore in Switch Mobility to produce these electric vehicles.
S Mahesh Babu, CEO of Switch Mobility, emphasized the company’s commitment to driving positive change in the industry through the launch of the IeV series electric vehicles, which offer a low total cost of ownership and high uptime for micro, small, and medium enterprises.
Switch Mobility intends to manufacture approximately 3,000 units per year of its IeV series electric light commercial vehicles. The company has already invested Rs 100 crore in the development of these products, as stated by Mahesh Babu, CEO of Switch Mobility.
This partnership aims to provide an efficient and eco-friendly solution for last-mile transportation needs, offering customers up to 100% financing on the on-road price of electric two-wheelers with competitive interest rates and flexible repayment options, making electric mobility more accessible to consumers.