Ashok Leyland shares drop 5% as UK EV unit considers shutdown; promoter entity pledges Rs 6,400 crore worth of shares

Ashok Leyland drops 4.6% as it plans to halt UK electric bus manufacturing due to losses.

Hinduja Automotive pledges 30% of its stake, raising investor concerns.

Switch India sees strong growth, aiming for Ebitda breakeven in FY25 with 1,800+ orders.

Stock up 27.5% YoY but down 11% in six months, with neutral technical indicators.