Ashok Leyland's EV subsidiary, Switch Mobility, has reported a significant milestone by achieving a strong double-digit EBITDA margin in the fourth quarter of fiscal year 2025. The company is optimistic about achieving break-even in the current fiscal year, building on its positive financial performance. With a substantial order book of over 1,800 electric buses, Switch Mobility is well-positioned to execute its robust business plans under the leadership of Dheeraj Hinduja, the Chairman of Ashok Leyland. The company's product portfolio, including models like EiV 12, EiV 22, and IeV 4, coupled with manufacturing units in Chennai, Tamil Nadu, and the UK, showcases its commitment to the electric commercial vehicle market. Additionally, Ashok Leyland's future outlook includes investments in alternative fuels such as LNG, hydrogen, and EVs, along with a planned capex of ₹1,000 crore for FY26. The company aims to drive growth through product innovation, advanced technologies, and improved customer experience leveraging its strong cash reserves. As Ashok Leyland aims to break into the global top 10 commercial vehicle manufacturers, it is focused on expanding its presence in the tractor-trailer and intermediate commercial vehicle segments. The company's initiatives also include a Pan-India dealer network expansion to support its growth targets. With a positive outlook for the current fiscal year, supported by macroeconomic indicators and pent-up demand in the bus segment, Ashok Leyland remains poised for further success. The Board's approval of a 1:1 bonus share issue reflects the company's commitment to rewarding shareholders amidst its strong and consistent financial performance.