INSUBCONTINENT EXCLUSIVE:
Ashok Leyland plans to set up manufacturing facility to roll out electric vehicles in IndiaNew Delhi: 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 a Rs 500 crore investment to develop powertrains
based on alternative fuels like CNG, hydrogen and electric for its commercial vehicles range.The company has already announced a $200
million (nearly Rs 1,500 crore) investment through its UK-based arm Switch Mobility for electric mobility.The commercial vehicle 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."In Spain, we are coming up with a manufacturing facility and R-D centre and there are plans to
grow this over the next few years
In India, we will be optimising the facilities that are available with Ashok Leyland."But I'm sure very soon we will require an independent
And that is something that is being looked at by the management team," Ashok Leyland Executive Chairman Dheeraj Hinduja said in an
interaction.Asked if the company has set some timeframe for the new plant, he 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
So, I wouldn't put a date to it right now
But we are keeping all our alternatives and options open," Mr Hinduja stated.He noted that at the moment, the company feels quite
comfortable regarding the production capacity for the next two years."We feel quite comfortable that for the immediate, let's say, 24 months
Ashok Leyland would be able to provide the electric products that are needed for Switch," Mr Hinduja noted.On the company's EV product
plans, he said Dost and Bada Dost models would be utilised 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," Mr Hinduja said.
