7 months ago
Ashok Leyland Opens ₹1,000 Crore EV Plant in Lucknow
Ashok Leyland, a big vehicle-making company, opened a new factory in Lucknow, India.
This factory will make electric vehicles (EVs) and other clean mobility vehicles.
The company's chairman, Dheeraj Hinduja, said they want to be one of the top 10 vehicle makers in the world.
The new factory cost ₹1,000 crore to build and can make up to 5,000 vehicles per year.
Important people like the Defence Minister and the Chief Minister of Uttar Pradesh were there for the opening.
The factory will create jobs for many people and is part of Ashok Leyland's plan to make better and more environmentally friendly vehicles.
The Defence Minister said that electric vehicles are the future and that this factory will help India use more clean energy.
The Chief Minister said that Uttar Pradesh is becoming a big place for making things, including defence equipment and electronic goods.
Ashok Leyland inaugurated a ₹1,000 crore greenfield manufacturing facility in Lucknow focused on clean mobility, primarily for electric vehicles (EVs).
The plant has an initial capacity of 2,500 units per year, expandable to 5,000 units, and was completed in 18 months, ahead of the projected 60 months.
The facility will create direct employment for around 1,000 people and indirect employment for nearly 2,000 more, boosting the local manufacturing ecosystem.
Union Defence Minister Rajnath Singh emphasized that electric vehicles represent the future of transportation and that the reliance on petroleum-based vehicles would gradually decline.
Chief Minister Yogi Adityanath announced that the Hinduja Group will sign an MoU with the Uttar Pradesh government to provide skill development training to 10,000 youth annually at the facility.
- Who
- Ashok Leyland, Dheeraj Hinduja (Chairman), Rajnath Singh (Defence Minister), Yogi Adityanath (UP CM), HD Kumaraswamy (Heavy Industries Minister), Brajesh Pathak (Deputy CM UP)
- What
- Inauguration of a new greenfield manufacturing facility focused on clean mobility, primarily for electric vehicles (EVs)
- Where
- Lucknow, Uttar Pradesh, India
- When
- Friday (specific date not mentioned)
- Why
- To target a place among the world’s top 10 commercial vehicle manufacturers and focus on future-ready products and clean mobility
Key facts
- Company
- Ashok Leyland
- Investment
- ₹1,000 crore
- Location
- Lucknow, Uttar Pradesh
- Initial Capacity
- 2,500 units/year (expandable to 5,000)
- Employment
- 1,000 direct, 2,000 indirect jobs
- Inauguration Date
- Friday (specific date not mentioned)
- Expected Commercial Production
- October 2025
- Current Plants
- 7 (including the new Lucknow plant)
- Defence Corridor Investment
- ₹34,000 crore
- EV Bus Price
- ₹15 lakh
- Skill Development Training
- 10,000 youth annually
Timeline
Ashok Leyland bags 543 BS-VI bus order, boosting eco-vehicle demand.
Then, it decides to invest in battery production to meet growing need.
Ambition to claim 35% M&HCV market share fuels battery investment.
Investment of ₹5,000 crore over 7-10 years triggers Lucknow EV factory launch.
Lucknow plant inaugurated, aiming to rank Ashok Leyland among top-10 global CV makers.
Quotes
Sanyam Gandhi
Whole-time director, Chartered Speed Ltd
“Given a large fleet of around 150,000 buses being run by government authorities in the country, there appears to be scope for replacement demand for electric buses.”
livemint.com
“The model of collaboration between e-bus makers and operators is intended to help in meeting the large demand for such buses in the next few years.”
livemint.com
Sources
‘It’s Yogi Ji’: Why Billionaire Ashok Hinduja Says UP Is Finally Open For Investment
Ashok Leyland targets top-10 spot among global CV makers: Dheeraj Hinduja
Top electric bus makers gear up for govt’s 6,230-bus mega tender
UP CM Yogi Adityanath, Rajnath Singh inaugurate EV plant in Lucknow
‘UP now stands for fearless business, and trust for doing business’: CM Yogi at inauguration of Ashok Leyland’s EV plant in Lucknow
Petro-based vehicles to decline as EVs represent future, says Rajnath
