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Ashok Leyland to invest around Rs 100 crore in EV technology: Report

07 Feb 2018 Evaluate

Ashok Leyland is reportedly planning to invest around Rs 100 crore in the electric vehicle (EV) technology over the next two-three years. The company is also planning to showcase the prototype of its first EV product at the upcoming Auto Expo 2018, scheduled to start this week in New Delhi.

The company’s total planned capital expenditure for the 2018-19 financial year, including the expense of expanding its cabin facility, debottlenecking and investment in technologies, would be Rs 500-700 crore.

Ashok Leyland, the Hinduja Group flagship company in India, is engaged in the manufacturing of commercial vehicles and related components. The company’s products include buses, trucks, engines, defense and special vehicles.

Peers
Company Name CMP
Tata Motors 428.15
Ashok Leyland 149.35
Force Motors 16950.00
Olectra Greentech 1083.65
SML Mahindra 6087.35
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