April 20, 2024 19:57 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Mamata Banerjee on DD News' new logo colour: 'Shocked at the sudden saffronisation' | Love jihad is spreading: Karnataka Congress corporator, whose daughter was killed, contradicts Siddaramaiah's claims | Karnataka Congress corporator's daughter killed; CM Siddaramaiah cites 'personal reasons' | Elon Musk postpones upcoming visit to India: Reports | 'Had mangoes only three thrice, sweets 6 times in jail': Arvind Kejriwal counters ED claims in court
Ashok Leyland to invest Rs 1,000 cr for green mobility plant in Uttar Pradesh Ashok Leyland

Ashok Leyland to invest Rs 1,000 cr for green mobility plant in Uttar Pradesh

India Blooms News Service | @indiablooms | 16 Sep 2023, 12:03 am

New Delhi: Ashok Leyland, the flagship company of the Hinduja Group, announced on Friday that it will invest Rs 1,000 crore in Uttar Pradesh to establish a bus manufacturing facility dedicated to clean mobility, media reports said.

The company has signed a Memorandum of Understanding (MoU) with the Uttar Pradesh government for the establishment of this plant, which will be the company's first in the state, as stated by the commercial vehicle major.

Upon commencement of operations, the manufacturing facility will have an initial capacity to produce 2,500 buses annually, according to the company.

It also stated that it plans to incrementally expand this capacity to accommodate up to 5,000 vehicles per year in the next decade, anticipating a substantial increase in demand for electric and other types of buses.

Once operational, this facility will become the seventh vehicle plant for Ashok Leyland in the country.

Ashok Leyland is currently the second-largest commercial vehicle manufacturer in India, following Tata Motors.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.