Ashok Leyland launches electric bus; shares up
Ashok Leyland on Monday revealed India's first electric bus designed and engineered entirely in India.
Vinod K Dasari, Managing Director of Ashok Leyland said, The Circuit series of buses is another testament to Ashok Leyland’s commitment to leverage India’s technological innovation to deliver relevant and best-in-class solutions for India and the world.”
This is a zero-emission vehicle created by Ashok Leyland specifically for Indian road and load conditions, the company said.
The vehicle is integrated with a fire detection and suppression system (FDSS), and can travel 120 kilometers on a single charge.
Ambuj Sharma, IAS, Additional Cheif Secretary, Industries and Commerce, Government of Tamil Nadu said, “This vehicle will support the government initiative of reducing India’s eight lakh crore fuel import bill and is a promise for a brighter and cleaner future for all of us and for our future.”
Shares of Ashok Leyland was trading at Rs 81.60 on BSE, up by Rs 0.95 or 1.18%.