Leyland mulls electric vehicle facility
Bullish on the future of green mobility, the Hinduja Group flagship Ashok Leyland plans to set up a new manufacturing facility in the country to roll out electric vehicles, according to a top company official.
The Chennai-based firm has also lined up Rs 500 crore investment to develop powertrains based on alternative fuels such as CNG, hydrogen and electric for its commercial vehicles.
The company has already announced a $200 million (Rs 1,500 crore) investment through its UK-based arm Switch Mobility for electric mobility.
The company aims to expand its electric vehicle portfolio as well as develop new engines keeping in mind the changing market requirements in the domestic as well as international markets.
