Ashok Leyland Secures Major Electric Vehicle Order from Billion Electric with Hydrogen-Powered Truck Development in Progress
Key Ideas
- Ashok Leyland secures a significant order for 180 electric vehicles from Billion Electric, including the BOSS Electric Truck and AVTR 55T Electric Tractor, valued at ₹150 crore.
- The company is actively developing hydrogen-powered trucks, aiming for a commercial launch in the next 18 to 24 months, with plans to establish a dedicated assembly line for electric trucks.
- The hydrogen-powered trucks will feature gas-based engines similar to CNG or LNG vehicles, with collaboration with a petrochemical manufacturer and testing currently in progress.
- Updates on Ashok Leyland's upcoming Lucknow plant, adaptable for traditional and alternative fuels, with a focus on initial production of e-buses by Q3 of the next fiscal year.
Ashok Leyland, a commercial vehicle manufacturer, has secured a significant order for 180 electric vehicles, including the BOSS Electric Truck and AVTR 55T Electric Tractor, from Billion Electric valued at ₹150 crore. The company is actively developing hydrogen-powered trucks, with plans for a commercial launch in the next 18 to 24 months. These trucks will feature gas-based engines similar to those in CNG or LNG vehicles, as the company collaborates with a major petrochemical manufacturer for testing and development. Ashok Leyland aims to inaugurate a dedicated assembly line for electric trucks and alternative fuel vehicles at its Hosur factory by Q4 of the fiscal year, with a production capacity of 5,000 vehicles per year. Additionally, the company provided updates on its upcoming Lucknow plant, set to be operational by Q3 of the next fiscal year and focusing initially on manufacturing e-buses. This development signifies a major step towards expanding the electric vehicle market in India and enhancing the country's manufacturing capabilities.