MoneyWorks4Me

Ashok Leyland’s arm bags order to supply 300 electric buses for BMTC

16 Nov 2021 Evaluate

Ashok Leyland’s subsidiary -- Switch Mobility Automotive (SWITCH) has bagged a contract for the supply and operation of 300 electric buses for Bengaluru Metropolitan Transport Corporation (BMTC). The fleet and charging infrastructure will be supplied, operated and maintained by Switch for a period of 12 years on a Gross Cost Contract (GCC) Model under the FAME II Scheme. A gross-cost contract pays the operator a specified sum to provide a specified service for a specified period. Under this model, all revenue collected is for the authority.

This contract further reinforces the company's vision to be a global technology leader, providing net zero carbon commercial mobility products and solutions that create outstanding value for all stakeholders.

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 425.30
Ashok Leyland 149.35
Force Motors 16950.00
Olectra Greentech 1084.25
SML Mahindra 6130.00
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