Uttar Pradesh e-bus plant to launch in 12-13 months
ECONOMY & POLICY

Uttar Pradesh e-bus plant to launch in 12-13 months

Chairman Dheeraj Hinduja announced that Ashok Leyland's Uttar Pradesh plant would primarily focus on manufacturing electric buses, with operations slated to commence in 12-13 months. He stated that the UP plant would prioritise the production of electric buses, aiming for the plant's operational readiness within the mentioned timeframe.

Hinduja elaborated on the Uttar Pradesh market, expressing the government's keen interest in expanding electric vehicle (EV) buses within the state. He expressed confidence in their ability to provide better service by being present in the region.

Additionally, Hinduja mentioned that this plant would mark the company's initial venture into producing more EVs than internal combustion engine (ICE) products.

Regarding the plant's capacity, Hinduja indicated it would initially be a small-scale facility capable of producing 2,500 buses, with the potential to ramp up to 5,000 buses. He expressed assurance that meeting market demands wouldn't be an issue.

The company's net profit witnessed a significant increase of 16.73 percent to Rs 9.33 billion during the March quarter of FY24, driven by robust demand across its product lines in the light and medium commercial vehicle (L&MCV) segments.

Chairman Dheeraj Hinduja announced that Ashok Leyland's Uttar Pradesh plant would primarily focus on manufacturing electric buses, with operations slated to commence in 12-13 months. He stated that the UP plant would prioritise the production of electric buses, aiming for the plant's operational readiness within the mentioned timeframe. Hinduja elaborated on the Uttar Pradesh market, expressing the government's keen interest in expanding electric vehicle (EV) buses within the state. He expressed confidence in their ability to provide better service by being present in the region. Additionally, Hinduja mentioned that this plant would mark the company's initial venture into producing more EVs than internal combustion engine (ICE) products. Regarding the plant's capacity, Hinduja indicated it would initially be a small-scale facility capable of producing 2,500 buses, with the potential to ramp up to 5,000 buses. He expressed assurance that meeting market demands wouldn't be an issue. The company's net profit witnessed a significant increase of 16.73 percent to Rs 9.33 billion during the March quarter of FY24, driven by robust demand across its product lines in the light and medium commercial vehicle (L&MCV) segments.

Next Story
Infrastructure Transport

Bengaluru-Chennai Expressway: 72km Karnataka Stretch Completed

The National Highways Authority of India (NHAI) has completed the 72-km stretch of the Bengaluru-Chennai Expressway that falls within Karnataka. The project, which faced delays due to local objections over the relocation of the Guddamma Temple at Jinnagara, has now moved past its final hurdle. After over two years of negotiations with villagers and the state government, NHAI successfully shifted the temple and constructed the remaining 500-meter section of the road. Despite the construction being completed, NHAI has yet to announce when motorists will be allowed to use the new road. The expres..

Next Story
Infrastructure Transport

NHAI Officials Inspect NH 181 Ghat Section

Officials from the environment wing of the National Highways Authority of India (NHAI) inspected the ghat section of NH 181 between Kallar and Ooty on Monday, following a directive from the Madras High Court. The inspection was carried out in connection with a case concerning vertical cuttings made by the National Highways-Tamil Nadu state wing on the uphill side of the ghat road. The chief general manager of the NHAI's environmental wing, a respondent in the case, led the inspection of the 38-km stretch. During the visit, officials discovered multiple instances of illegal rock quarrying, wher..

Next Story
Infrastructure Energy

India signs MoU with IEA for cooperation on critical minerals

India’s Ministry of Mines has entered into a Memorandum of Understanding (MoU) with the International Energy Agency (IEA) to boost collaboration in the critical minerals sector, focusing on data sharing, policy recommendations, and resource management. This MoU aims to support India’s strategic decision-making and improve resource management in line with global standards, according to the ministry. The agreement was signed by V L Kantha Rao, Secretary of the Ministry of Mines, and Dr Fatih Birol, Executive Director of the IEA, an agency under the OECD. The signing ceremony, held at Shast..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000