India’s commercial vehicles (CV) segment is gearing up for green mobility with Hinduja Group company Ashok Leyland contemplating setting up a factory in the country to make electric vehicles (EVs) with an eye to be among the top-10 CV players in the world.
The Chennai-based manufacturer of commercial vehicles has also set aside around Rs 500 crore (Rs 5 billion) to develop powertrains based on alternative fuels like electric, CNG and hydrogen.