Ashok Leyland bags order for 500 electric buses from Chennai MTC
The electric buses have a seating capacity of 37 passengers, with space for an additional 24 standing passengers.
Commercial vehicle maker Ashok Leyland on Thursday said its arm OHM Global Mobility has bagged an order for 500, 12-m ultra-low floor electric buses from the Metropolitan Transport Corporation, Chennai.
Switch Mobility, another subsidiary of Ashok Leyland, shall supply Switch EiV12 model buses to OHM, which in turn shall operate and maintain the buses over a period of 12 years, as per the contract awarded by Metropolitan Transport Corporation (MTC), the company said in a statement.
While 400 of these buses will be non-AC, 100 buses will be equipped with air conditioning as well, it added.
The electric buses have a seating capacity of 37 passengers, with space for an additional 24 standing passengers. These have a range of over 200 kilometers per charge. OHM is Ashok Leyland's electric mobility arm, focused on Mobility-as-a-Service business.
"We are committed to driving the transition to electric mobility, and this partnership with MTC is a step forward in creating cleaner, more efficient transport systems," Ashok Leyland MD & CEO Shenu Agarwal said.
Switch Mobility already has over 950 vehicles in operation and with this order has a healthy order book of over 2,000 vehicles, he added.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Senior Citizen Latest FD Rates: Know what major banks like SBI, PNB, Canara Bank, HDFC Bank, ICICI Bank are providing on fixed deposits
Gratuity Calculator: Rs 38,000 as last-drawn basic salary, 5 years and 5 months of service; what will be gratuity amount?
Top 5 Small Cap Mutual Funds with best SIP returns in 1 year: See how Rs 25,000 monthly investment has grown in each scheme
Top 7 SBI Mutual Funds With Best SIP Returns in 1 Year: Rs 25,000 monthly SIP investment in No.1 fund has jumped to Rs 3,58,404
11:22 AM IST