Chief Minister Yogi Adityanath performed Bhoomi Pujan for Ashok Leyland’s EV manufacturing plant in Lucknow, marking the city’s entry into electric vehicle production.
The Rs 1500 Cr investment plant will have a production capacity of 2500 buses per year, contributing to UP’s net-zero targets and Ashok Leyland’s pan-India growth strategy.
UP CM Adiyanath’s EV Future Plan
Lucknow has marked its presence in the electric vehicle (EV) manufacturing sector, with Chief Minister Yogi Adityanath performing the Bhoomi Pujan of Ashok Leyland’s EV arm Switch Mobility’s EV Bus manufacturing plant in the city.
The manufacturing plant, with a total investment of approximately Rs 1500 crore in two phases, will have a production capacity of 2500 buses per year, which is planned to be increased to 5000 buses later. The proposed integrated manufacturing unit will be partially constructed on the now-defunct Scooters India site in Lucknow, close to the airport.
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What’s more in Uttar Pradesh’s First EV Plant?
Leading truck and bus maker Ashok Leyland is expected to commence the construction work for its greenfield factory in Uttar Pradesh (UP) early next fiscal. The Hinduja flagship has proposed to invest ₹1,000 crore over some time. The new factory will manufacture electric and ICE (internal combustion engine) vehicles, producing electric buses, electric light commercial vehicles, and other vehicles powered by various fuels such as diesel, CNG, and hydrogen.
Ashok Leyland will invest in the project, and the factory will cater to the requirements of both Ashok Leyland and Switch Mobility, the company’s electric vehicle (EV) arm.
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The choice of Uttar Pradesh as the location for the factory is driven by the State’s ambitious net-zero targets, making it a significant market for EVs in the future. The company also aims to change the brand perception by investing in diverse regions nationwide.
Ashok Leyland’s market share in the northern region has seen significant growth, with the company gaining a good share in the north, central, western, and eastern regions. The company’s international presence has expanded despite subdued market conditions in the past two years.
Launching the EV manufacturing plant in Lucknow is a significant step towards contributing to Uttar Pradesh’s net-zero targets and Ashok Leyland’s pan-India growth strategy.
