CALCULATE YOUR SIP RETURNS

Ashok Leyland Partners with Nidec to Drive India’s EV Future

04 October 20243 mins read by Angel One
Ashok Leyland teams up with Nidec to develop advanced e-drive motors, aiming to boost electric mobility and create a sustainable future for India’s commercial vehicles.
Ashok Leyland Partners with Nidec to Drive India’s EV Future
ShareShare on 1Share on 2Share on 3Share on 4Share on 5

Ashok Leyland, a leading Indian company under the Hinduja Group, has entered into a broad partnership with Japan’s Nidec Motor Corporation, a global electric motor manufacturer and subsidiary of Nidec Corporation. This collaboration aims to create innovative electric drive motors and systems tailored to India’s commercial vehicle sector, advancing electric mobility solutions in the country.

Together, Ashok Leyland and Nidec will set up a Centre of Excellence (CoE) focused on Electric Drive Units (EDUs). The CoE will develop advanced motor technologies, power electronics, and gear-shifting systems for electric vehicles. The partnership will also involve joint research and development, with both companies working on skill development, building lab infrastructure, and creating unique motor technologies for Ashok Leyland’s EV range, including those produced by its subsidiary, Switch Mobility.

Ashok Leyland will continue using motors from Nidec for its current electric vehicles, while also working together on research and development for future electric solutions. This partnership highlights both companies’ shared goal of creating e-drive systems that can handle India’s commercial vehicle market’s diverse terrains and operational requirements. Additionally, the collaboration aims to strengthen the local supply chain for the next generation of electric vehicles in India.

Shenu Agarwal, Managing Director and CEO of Ashok Leyland expressed excitement about the partnership with Nidec, a global leader in electric motor technology. He stated that the collaboration would enable them to create advanced e-drive motors tailored to the needs of India’s commercial vehicle segment, significantly boosting their electric mobility capabilities. By leveraging each other’s strengths, they aim to set new industry standards and drive the future of sustainable commercial transportation in India.

Michael Briggs, President of Nidec Motion and Energy, said that Nidec is well-positioned in India and is the perfect partner to help accelerate the country’s adoption of commercial electric vehicles. He mentioned that Nidec’s motor technology and investment strategy align well with Ashok Leyland, who understands the specific requirements of the commercial vehicle market. This collaboration ensures that customers will continue to rely on Ashok Leyland’s trusted products, which are now enhanced with the necessary technology for greater efficiency in a changing energy landscape.

Ashok Leyland also stated that this collaboration with Nidec reinforces its leadership and commitment to setting new standards in the industry. The collaboration is built on a shared goal of driving innovation, addressing the challenges of electric mobility in India, and creating a sustainable future for commercial vehicles with cutting-edge technology.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

We're Live on WhatsApp! Join our channel for market insights & updates

Enjoy Zero Brokerage on Equity Delivery
4.4 Cr+DOWNLOADS
Enjoy Zero Brokerage on Equity Delivery

Get the link to download the App

Send App Link
Get it on Google PlayDownload on the App Store
Open Free Demat Account!
Enjoy ₹0 Account Opening Charges