Indian Automobile Giant Ashok Leyland to launch electric bus "Versa" in India by 2017

Highlights:  

  • The automobile giant Ashok Leyland under the Hinduja flagship firm, plans to launch a fully electric bus 'Versa' in the country by 2017.
  • 'Versa'  is a 36-seater bus which is being showcased at the 4th Bus and Special Vehicle can go 90 miles in one charge and is a zero emissions vehicle.
  • The vehicle comes as a completely built unit (CBU) from the company's UK based arm Optare.
  • The bus emits zero noise and consumes just one unit of electricity for covering a distance of one kilometer.
  • The company is one of the largest providers of electric and hybrid buses in the world and this electric vehicle would help India move up the path of  efficient, comfortable, responsible and sustainable urban transport.
  • Also, the government has earmarked Rs 1,000 crore for the National Electric Mobility Mission Plan for the next two financial years.
  • The company currently exports to various markets including ASEAN, SAARC, LATAM, Middle East and Africa.


Brief History of the Company :

  • Ashok Leyland is an Indian automobile manufacturing company based in Chennai,India. 
  • It was founded in 1948.
  • It is the 2nd largest commercial vehicle manufacturer in India,fourth largest manufacturer of buses in the world and 16th largest manufacturer of trucks globally. 
  • It is the second largest commercial vehicle company in India in the medium and heavy commercial vehicle (M&HCV) .

Subsidiaries of Hinduja Group :

  • Ennore foundries Limited
  • Automotive Coaches and Components Limited
  • Gulf-Ashley Motors Limited
  • Ashley Holdings Limited
  • Ashley Investments Limited
  • Ashley Design and Engineering Services (ADES)
  • Avia Ashok Leyland
  • Ashok Leyland Defence Systems (ALDS)
  • Ashok Leyland Project Services Limited
  • Lanka Ashok Leyland PLC