Ashok Leyland inducts eBuses for transporting staff

Ashok Leyland, the flagship Company of the Hinduja Group and India's leading commercial vehicle manufacturer, today announced its decision to move towards sustainable transportation for its employees. The Company will induct the Electric Buses in a phased manner, sourced from its subsidiary, Switch Mobility Ltd. This step follows the recent announcement of sourcing clean energy from Hinduja Renewables for its operations. Together, this will help the Company further reduce its carbon footprint and move towards sustainable and socially responsible operations.

Mr. Dheeraj Hinduja, Chairman, Ashok Leyland, commenting on the initiative, said, "Climate change and emission-free mobility are need of the hour. As a responsible corporate citizen, we are constantly examining areas where we can move towards carbon-neutrality and promote sustainability. With the recent initiative of sourcing clean energy for the Ashok Leyland operations, we now move to emission-free transport."

"Ashok Leyland and Switch Mobility, together have the potential to change the landscape of mobility globally. We, as the leaders, must push the envelope and lead from the front."

Building on Switch Mobility's expertise and track record in electric bus design and manufacturing, the vehicles combine over a century of Indian and British engineering experience with market-leading technologies and innovation to create the lowest total cost of ownership for our customers.

Shares of ASHOK LEYLAND LTD. was last trading in BSE at Rs.112.7 as compared to the previous close of Rs. 114.75. The total number of shares traded during the day was 1154304 in over 4204 trades.

The stock hit an intraday high of Rs. 115 and intraday low of 111.75. The net turnover during the day was Rs. 131413174.

Source : Equity Bulls

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