New EV facility
Ashok Leyland plans to set up a new manufacturing facility in the country to roll out electric vehicles. The firm has lined up a Rs 500 crores investment to develop power trains based on CNG, hydrogen and electric for its commercial vehicles range. It aims to expand its electric vehicle portfolio as well as develop new engines.
The company will open a manufacturing facility and R&D centre in Spain. In India, the firm will optimise the facilities that are available with Ashok Leyland
Dost and Bada Dost
It’s EV product plans, Dost and Bada Dost, would be utilised to cater to the domestic and the SAARC markets. In the next 3-4 years, it expects to spend around Rs 500 cr in the development of new technologies.
