SME Times is powered by   
Search News
Just in:   • False allegations levelled against me but truth will prevail: Choksi to employees  • Modi 'most expensive watchman' in the world, says Congress  • India tops Big Data and Analytics adoption in APAC region: Oracle  • I love Indian media, says Donald Trump Jr  • 5G to be in spotlight at MWC 2018 
Last updated: 17 Jan, 2018  

Ashok.9.Thmb.jpg Ashok Leyland signs pact with Israeli firm for electric vehicle

Ashok.9.jpg
   Top Stories
» MSME sector backbone of economy: Modi
» Five-day handicraft and gifts fair 'IHGF-Delhi' kicks off
» Govt schemes promoting grassroots enterprises, SMEs: Kovind
» India, Germany sign MoU on Smart Cities
» India, Saudi Arabia eye bilateral investment opportunities
SME Times News Bureau | 17 Jan, 2018

Commercial vehicles 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 vehicle plans.

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 space."

According to the statement, Phinergy has developed cutting edge technology solutions for the use of Aluminium Air Batteries for electric vehicles and other applications.

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.

 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 24 Feb, 2018
  Daily Poll
Is counterfeiting a major threat to SMEs?
 Yes
 No
 Can't say
  Commented Stories
» Starting an import export business: Basic guide for beginners(25)
» Exports: Time for govt to step in(4)
» New MSME definition to help textile manufacturing: Minister(3)
» Exports fall 9.8 pc in January(2)
» Job seekers protest at Bihar railway stations(2)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter