Ashok Leyland to install new manufacturing plant to roll out EVs

22 Feb 2022 CW Team

Bullish on the future of green mobility, the Hinduja Group flagship Ashok Leyland plans to install a new manufacturing facility in the nation to launch electric vehicles (EVs).

The Chennai-based company has additionally lined up a Rs 500 crore investment to build powertrains based on alternative fuels such as compressed natural gas (CNG), hydrogen and electric for its commercial vehicles (CVs) range. The firm has already declared a $200 million (about Rs 1,500 crore) investment via its UK-based arm Switch Mobility for electric mobility. The commercial vehicle company plans to boost its electric vehicle portfolio and develop new engines keeping in mind the changing market needs in the domestic and international markets.

In Spain, they are coming up with a production facility and Research and Development (R&D) centre, and there are plans to develop this over the coming few years. In India, they will be optimising the facilities that are available with Ashok Leyland.

Ashok Leyland Executive Chairman Dheeraj Hinduja told the media that they are looking at all the opportunities and options available, so that capacity never becomes a problem if the market needs more products. The company feels quite comfortable concerning the production capacity for the coming two years. Ashok Leyland would be able to render the electric products that are required for Switch. On the firm's EV product plans, he said Dost and Bada Dost models would be used to provide to the domestic and the South Asian Association for Regional Cooperation (SAARC) markets.

Ashok Leyland is infusing about Rs 500-700 crore for products for the domestic market, while switching plans to spend nearly $200 million in the coming 2-3 years for the development of their new products, he added. It contains the electric buses and the electric Light Commercial Vehicles (LCV) programme as well.

Image Source

Also read: Ashok Leyland aims 40% ICV sales from CNG variant

Bullish on the future of green mobility, the Hinduja Group flagship Ashok Leyland plans to install a new manufacturing facility in the nation to launch electric vehicles (EVs). The Chennai-based company has additionally lined up a Rs 500 crore investment to build powertrains based on alternative fuels such as compressed natural gas (CNG), hydrogen and electric for its commercial vehicles (CVs) range. The firm has already declared a $200 million (about Rs 1,500 crore) investment via its UK-based arm Switch Mobility for electric mobility. The commercial vehicle company plans to boost its electric vehicle portfolio and develop new engines keeping in mind the changing market needs in the domestic and international markets. In Spain, they are coming up with a production facility and Research and Development (R&D) centre, and there are plans to develop this over the coming few years. In India, they will be optimising the facilities that are available with Ashok Leyland. Ashok Leyland Executive Chairman Dheeraj Hinduja told the media that they are looking at all the opportunities and options available, so that capacity never becomes a problem if the market needs more products. The company feels quite comfortable concerning the production capacity for the coming two years. Ashok Leyland would be able to render the electric products that are required for Switch. On the firm's EV product plans, he said Dost and Bada Dost models would be used to provide to the domestic and the South Asian Association for Regional Cooperation (SAARC) markets. Ashok Leyland is infusing about Rs 500-700 crore for products for the domestic market, while switching plans to spend nearly $200 million in the coming 2-3 years for the development of their new products, he added. It contains the electric buses and the electric Light Commercial Vehicles (LCV) programme as well. Image Source Also read: Ashok Leyland aims 40% ICV sales from CNG variant

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