Ashok Leyland plans e-Mobility joint venture with Michelin, Marubeni

Ashok Leyland is holding discussions with France’s Michelin and Japan’s Marubeni to float a joint venture (JV) to offer e-mobility services.

According to a BusinessLine report, the joint venture will provide electric buses, battery and power management and other services.

Ashok Leyland’s Head of EV and e-Mobility, Karthick Atmanathan, was quoted as saying by BusinessLine: “The idea is to create an e-mobility company that will offer its services to both public and private vehicle operators.”

He added: “The idea is to do this (offer e-Mobility services) in a safe, predictable, and branded manner, so that it becomes sustainable and scaleable.”

He announced the joint venture at a conference on e-Mobility recently. The purpose of the JV is not to create profit, but to initiate an eco-system that will be profitable, he said.

Image Credit : bsmedia.business-standard.com

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