Introduction
Ashok Leyland, is making its foray into the electric vehicle market. This was announced at a press conference on April 10th in New Delhi.
Ashok Leyland's foray in the electric vehicle market
Ashok Leyland has also signed an agreement with SUN Mobility for swappable batteries for buses. The battery swapping station can provide a full charge to the bus in less than ten minutes.
The company has been developing electric vehicles since 2016 when it launched a prototype of its first EV, the e2o Plus. In 2017, it launched another EV – i10 EVO Plus which is powered by lithium-ion batteries and has a range of up to 300 kilometers (186 miles) on one charge; currently available only in India but is due to be exported worldwide.
Ashok Leyland is trying to wake up as a sleeping giant and with low crude prices auto stocks are bound to perform thus this stock can find a place in your portfolio with a long-term perspective.
Please go through this report to understand how Ashok Leyland is garnering the market share.
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The battery swapping station can provide a full charge to the bus in less than ten minutes.
The battery swapping station is a great way to make sure your Leyland bus is ready for service at all times. It can also quickly recharge any other batteries on board, like those in trolley buses or electric vehicles used by our customers.
It is crucial to reduce the total cost of ownership (TCO), and make it easier for end users to procure and run electric vehicles.
It is crucial to reduce the total cost of ownership (TCO), and make it easier for end users to procure and run electric vehicles.
Electric vehicles are more expensive than internal combustion engine vehicles, but they have lower maintenance costs. This makes them a good option for people who want a car that will last longer than other cars on the market today.
Ashok Leyland foray in the electric vehicle market
Ashok Leyland has also signed an agreement with SUN Mobility for swappable batteries for buses. The battery swapping station can provide a full charge to the bus in less than ten minutes, and it has been designed with an integrated solar panel that can be used by different vehicles.
The company said that this initiative will enable them to reduce carbon emissions and also improve their sustainability efforts as they move towards becoming carbon negative
Conclusion
Ashok Leyland has shown great interest in electric vehicles and is committed to the future of the automobile industry.
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