New dedicated plant for EVs

Ashok Leyland, is looking to establish a new manufacturing facility in the country dedicated to the production of EVs. The OEM has earmarked Rs.500 crore for the development of commercial vehicle powertrains that are expected to cater to the need for alternative fuels like CNG, hydrogen, and battery electric. The commercial vehicle manufacturer intends to expand its electric vehicle portfolio as well as develop new engines in response to changing market demands in both domestic and international markets. “We are looking at all the opportunities and options available, so that capacity never becomes an issue if the market requires more products. So, I wouldn’t put a date to it right now. But we are keeping all our alternatives and options open,” said Executive Chairman Dheeraj Hinduja. The company has already announced a nearly Rs.1,500 crore (USD 200 mn) investment in emobility under the umbrella of Switch Mobility which could turn independent in the future.