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The Chennai-based heavy commercial vehicle manufacturer had bagged the order to build the electric buses that are equipped with quick charging technology, a statement from the company said here. The fleet would save about 6.5 lakh litres of fuel and reduce carbon emissions of about 1,700 tonnes per annum, said the statement.
Switch Mobility announces minority investment by Dana ANI 30 Jul 2021, 16:18 GMT+10 Leeds [UK], July 30, (ANI): Switch Mobility Ltd -- the electrified commercial vehicles company and subsidiary of Hinduja Group owned Ashok Leyland Ltd -- on Friday announced a strategic agreement with Dana Inc -- the global leader in drivetrain and e-propulsion systems -- to make a minority investment in Switch. Dana will make the strategic investment in Switch Mobility and will also be a preferred supplier of electric drivetrain components for the company's e-bus and EV commercial vehicle offering -- includin...
Ashok Leyland rose as much as 10% to hit an intraday high of Rs 137.45. Shares of the Chennai-based commercial vehicle maker - Ashok Leyland - rose as much as 10 per cent to hit an intraday high of Rs 137.45 after the company announced that its subsidiary Switch Mobility, electric bus and light commercial vehicle company, has entered into a strategic agreement with Dana, the global leader in drivetrain and e-propulsion systems. As part of the agreement, Dana will make a strategic investment in Switch Mobility and will also be a preferred supplier of electric drivetrain components for the comp...
Three ex-ISRO employees go from propelling rockets/satellites to propelling E-LCVs SECTIONS Last Updated: Jul 30, 2021, 11:50 AM IST Share Synopsis "We have developed out electric vehicle technology and have a small assembly unit in Bengaluru. We buy pre-owned LCV shells (chassis and cabin) and fit them with our battery pack, power train, suspension and other components," Kukar, CEO and Co-Founder said. iStock After propelling India's rockets and satellites up above the world's so high, three former employees of Indian Space Research Organisation (ISRO) are now propelling electric vehicles --...
Sensex, Nifty Edge Higher; IT, Auto Shares Outperform Seven of 11 sector gauges compiled by the National Stock Exchange were trading higher led by the Nifty Auto index's 1.5 per cent gain. Updated: July 30, 2021 1:54 pm IST Tech Mahindra was top Nifty gainer, the stock advanced as much as 9.7% to hit record high of Rs 1,237.30. The Indian equity benchmarks edged higher on Friday led by gains in information technology and auto shares. The Sensex was trading in a band of 244 points and Nifty 50 index touched an intraday high of 15,823.25 and low of 15,744.85. The upside was capped as baking...