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Which Company Signed MoU With UP Govt To Set Up Bus Plant At ₹200 Cr?
A)
Tata Motors
B)
BharatBenz
C)
Mahindra & Mahindra
D)
Ashok Leyland

Correct Answer :   Ashok Leyland


Ashok Leyland, one of the largest manufacturers of commercial vehicles, has decided to set up its electric bus manufacturing unit in Uttar Pradesh. If all goes well, then the company may set up the unit in Lucknow.

A memorandum of understanding (MoU) was signed in this regard between the company and the state government at a programme organised in the presence of chief minister Yogi Adityanath here on Friday (15th Sep 2023).

This new unit is likely to be operationalised in 18 months. The MoU, however, keeps the option of the unit’s location open, those aware of the development said.

Meanwhile, Ashok Leyland has selected the land of Scooters India Limited (SIL) in Lucknow to set up its electric buses manufacturing unit, said infrastructure and industrial development commissioner Manoj Kumar Singh.

“Ashok Leyland is setting up its electric vehicles manufacturing unit in the state. We gave them four to five choices. It has narrowed down the choice to the land of Scooters India Limited in Lucknow. About 70-acre land of SIL will be given to the company for the purpose. An investment of ₹200 to ₹500 crore will be made in the first phase. It will invest ₹1,000 crore later.

The company also proposes to manufacture batteries later,” said Singh, who signed the MoU on behalf of the government with the company’s Managing Director and CEO Shenu Agarwal.

Those aware of the development said the company would initially manufacture 2,500 buses annually. The capacity would be ramped up to 5,000 later. The CM has asked the company to start manufacturing at the unit before Kumbh Mela-2025 as the state government would be buying new electric vehicles for the grand event..

Source : Hindustan Times

Published On : September 16, 2023
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