Ashok Leyland to invest Rs 1000 crore in a greenfield plant in UP for making e-buses

Ashok Leyland, the Hinduja Group's flagship company, has signed an agreement with the Uttar Pradesh Government to set up a greenfield plant for manufacturing electric buses. The company will invest Rs1000 crore into the facility, which will have the capacity to produce 2500 buses per year initially and can be scaled up to 5000 vehicles per year in the next decade. The government of Uttar Pradesh has committed to facilitating the sale of electric buses for its own fleet and other stakeholders for the next five years through Ashok Leyland's subsidiary, Switch Mobility.

from Auto-Industry-Economic Times https://ift.tt/karV9xD