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Ashok Leyland To Establish Mother EV Plant In India Through Its UK Subsidiary Switch: Report


Ashok Leyland To Establish Mother EV Plant In India Through Its UK Subsidiary Switch: Report
Representative Image (Picture Credits-Facebook)
Multinational automotive manufacturer Ashok Leyland will be expediting its electric vehicle (EV) business by establishing a ‘mother plant’ in India under its UK-subsidiary Switch.
Therefore, Switch UK will institute an Indian entity that will set up the plant and Leyland’s EV business will be subsequently shifted to the former. Accordingly, Switch will also be developing EV-specific platforms in electric light commercial vehicles and buses as well.
Moreover, Ashok Leyland’s current EV products that include e-buses delivered already to a few cities like Patna and Ahmedabad will now come under Switch’s aegis. ....

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Mahindra floors it with EV investments: Will pour in ₹3,000 crore in 3 years


Mahindra floors it with EV investments: Will pour in ₹3,000 crore in 3 years
Updated Apr 12, 2021 | 17:50 IST
The fresh round of investment will also be used for a variety of purposes, including development of a new platform that can underpin multiple models.
Mahindra floors it with EV investments: Will pour in ₹3,000 crore in 3 years 
Unless you have been living under a rock, you know the EV revolution has truly arrived in India. Sure, its pace is rather slow and the efficacy would not exactly qualify for impressive, but hey at least we are trying. Anyway, we digress the primary focus of this story is the new report that Mahindra & Mahindra plans to make a humongous investment in its EV business over the next three years, thus signalling yet again just how important it is for the group. Yep, according to a new PTI report, the home-grown automaker will pour in new investments totalling a staggering ₹3,000 crore in its electric v ....

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India's EV financing industry to be worth Rs 3.7 lakh crore in 2030


Updated Mar 09, 2021 | 15:44 IST
India’s EV ecosystem has thus far focused on overcoming adoption hurdles associated with technology cost, infrastructure availability, and consumer behaviour. Financing is the next critical barrier
India’s EV financing industry to be worth Rs 3.7 lakh crore in 2030 
New Delhi: Government think-tank NITI Aayog and Rocky Mountain Institute (RMI) India released a new report ‘Mobilising Electric Vehicle Financing in India’,  recently which highlights the role of finance in India’s transition to electric vehicles (EVs) and analyses that the transition will require a cumulative capital investment of $266 billion (Rs 19.7 lakh crore) in EVs, charging infrastructure, and batteries over the next decade. ....

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