SME Times News Bureau | 17 Jan, 2018
major Ashok Leyland Ltd on Wednesday announced it has signed a Letter of Intent
(LoI) with Phinergy of Israel to secure long-term arrangements for its electric
In a statement here, Ashok Leyland said: "With the intention of providing
varying Energy Management solutions to the customers, Ashok Leyland and
Phinergy will work towards the adaptation of unique, competitive and
sustainable solutions for high-energy applications in the commercial vehicles
According to the statement, Phinergy has developed cutting edge technology solutions
for the use of Aluminium Air Batteries for electric vehicles and other
With Ashok Leyland, Phinergy will be tailoring its unique technology to meet
the demanding high-energy requirements of commercial vehicles in the Indian
market, the statement said.
"Over the next few months, we will develop the first few prototypes and
trial pilots on different platforms in order to better tune Phinergy's offering
for various CV (commercial vehicles) applications. Our approach to electric
vehicle commercial vehicles will continue to be such that we move people and
goods rather than batteries, with optimal use of battery capacities," S.A.
Sundaresan, Head of eMobility Tech, Ashok Leyland, was quoted as saying.