Commercial vehicle major Ashok Leyland may look at partnerships in electric vehicles segment in future in a bid to cut huge costs involved in developing new technologies in this space, a top company official said. In the traditional internal combustion engine segment, the Hinduja group flagship firm, however, would like to go on in its own, having built a strong portfolio of engines over the years.
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One of the foremost reasons for keeping the option open for collaboration in the EV segment is to keep development costs under control. Last year, the company had bagged its first major electric bus order for the supply of 50 buses to the Ahmedabad Bus Rapid Transit System.
Ashok Leyland has had tie-ups with various firms over the years. In 2016, Ashok Leyland had ended its eight-year-old partnership with Nissan Motor Co as both partners agreed to part ways.
Nissan sold its stake in three joint ventures to Ashok Leyland.
In May 2008, Ashok Leyland and Nissan had formed three JVs — Ashok Leyland Nissan Vehicles Ltd (ALNVL) for vehicles manufacturing; Nissan Ashok Leyland Power Train Ltd (NALPT) for making power trains; and Nissan Ashok Leyland Technologies Ltd (NALT), a technology joint venture.
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