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Ashok Leyland’s arm inks MoU with Siemens

09 Apr 2021 Evaluate

Ashok Leyland’s subsidiary -- Switch Mobility Automotive has entered into a Memorandum of Understanding (MoU) with Siemens to address the potential of the e-mobility market in India, driven by a strong commitment to support zero emission mobility through lowest Total Cost of Ownership.

The MOU is aimed at delivering efficient, cost-effective and sustainable E-Mobility solutions to various commercial vehicle customers in India. To achieve this objective, Switch Mobility will bring its strong electric commercial vehicle industry experience while Siemens will offer its proven flexible, high-efficiency and future-ready charging infrastructure technology with efficient & reliable medium-voltage grid connection solutions. Siemens’ charging infrastructure management software solution would enhance the energy-efficient operations of the chargers.

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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