Ashok Leyland mulls setting up separate production plant for electric vehicles

Commercial vehicle maker Ashok Leyland is mulling to set up a new manufacturing facility for the production of electric vehicles (EVs). The Chennai-based company aims to expand its EV portfolio as well as develop new engines keeping in mind the changing market requirements in domestic as well as international markets.

File photo used for representational purpose only
File photo used for representational purpose only

The automaker has also lined up an investment of 500 crore to develop powertrains based on alternative fuels such as CNG and hydrogen, alongside electric powertrains for its commercial vehicles range. Earlier, it had already announced a nearly 1,500 crore investment in electric mobility through its UK-based arm Switch Mobility.

Also Read : Chandigarh adds 40 Ashok Leyland electric buses to its fleet

In Spain, the company is coming up with a manufacturing facility as well as an R&D centre with plans to grow this over the next few years while in India, the company plans to optimise the facilities that are available already. "But I'm sure very soon we will require an independent facility as well. And that is something that is being looked at by the management team," Ashok Leyland Executive Chairman Dheeraj Hinduja told PTI in an interaction.

Also check these Bikes

Find more Bikes
Kabira Mobility Km 5000 Ev (HT Auto photo)
₹ 3.15 Lakhs *Expected Price
View Details
Battre Electric Mobility Battre Electric Loev (HT Auto photo)
₹59,900**Ex-showroom price
Add to compare
Battre Electric Mobility Battre Electric One (HT Auto photo)
₹74,000**Ex-showroom price
Add to compare
Battre Electric Mobility Battre Electric Iot (HT Auto photo)
₹79,999**Ex-showroom price
Add to compare
Add to compare
Amo Mobility Inspirer (HT Auto photo)
₹ 47,149 - 77,999**Ex-showroom price
Add to compare
Check latest offers

When asked if the company has set some timeframe for the setting up of new plant, Hinduja noted that a lot will depend on the volume growth of electric vehicles. "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," he added.

Also Read : PLI scheme for auto sector likely to create 7.5 lakh more jobs in 5 years

He also noted that at present, the company feels quite comfortable about its production capacity for the next two years. He revealed that the company's Dost and Bada Dost models would be utilised in the EV space to cater to the domestic and the SAARC markets. "We are also looking at the production of a brand-new LCV (light commercial vehicle) range from the perspective of Switch which will be for the European UK and the US markets," he added.

First Published Date: 20 Feb 2022, 11:40 AM IST
Shopping Bag Shop Now
74% OFF
Microfiber Car Cleaning Soft Brush Ideal as Mop Duster, Washing Brush with Long Handle, Dust Cleaner Car Wash Brush with Handle, Soft Brush Scratch Free, Cleaning Dashboard Curved Design - Grey
Rs. 389 Rs. 1,499
73% OFF
IDELLA Car Duster, Extendable Long Handle Microfiber Car Duster Exterior Scratch Free Car Cleaning Tool, Car Dust Brush for Truck, Pickup, SUV, RV, Motorcycle, Vehicles Cleaning,(Multicolor)
Rs. 239 Rs. 899
1% OFF
GOODAIR Clear Car Windshield Enhancer | Classic |12 Tablets
Rs. 295 Rs. 299
55% OFF
Antson Portable High Power 2 in 1 Car Vacuum Cleaner | USB Rechargeable Wireless Handheld Car Vacuum Cleaner Traveling, Camping Reusable and Sustainable, Portable,Rechargeable Vacuum (2 in 1)
Rs. 899 Rs. 1,999

Please provide your details to get Personalized Offers on

Choose city
+91 | Choose city
Choose city
Choose city
Powered by: Acko Logo
Please be noted that any information provided herein above will be received by Acko General Insurance Limited (“Acko”). By mentioning the above information, you agree to provide these details and information to Acko.
By clicking "View Offers" you Agree to our Terms and Privacy Policy

Dear Name

Please verify your mobile number.

+91 | Choose city
Couldn't verify the OTP.
It's either expired or it's incorrect.