Siemens has signed a Memorandum of Understanding (MOU) with Switch Mobility Automotive Limited to jointly work in the electric commercial vehicle segment in India.Under the MoU, Switch Mobility, which is owned by the Hinduja Group and an arm of Ashok Leyland, will bring in its electric commercial vehicles into India, while Siemens would provide the charging infrastructure technology and charging infrastructure management software solution to enhance the energy-efficient operations of the chargers.
Ashok Leyland subsidiaries to offer EVs & mobility as service
By IANS |
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Ashok Leyland.. Image Source: IANS News
Chennai, April 8 : Commercial vehicles major Ashok Leyland Ltd. announced floating of two subsidiaries to make electric vehicles (EV) and the other to offer mobility as a service.
In a statement issued late Wednesday Ashok Leyland part of the Hinduja group said its UK based EV-maker Switch Mobility Ltd, making buses and vans, will float Switch Mobility Automotive Ltd. for electric automobiles.
Another subsidiary called OHM Global Mobility Private Ltd. would focus on providing mobility as a service.
Sitch Mobility Automotive Ltd. brings together Ashok Leyland s capabilities both from Optare UK and Ashok Leyland s EV Division, the statement said.
Chennai: Switch Mobility Automotive Limited today joined hands with Siemens Limited, a global technology powerhouse known for their engineering excellence, innovation, quality and reliability over 170 years, to address the potential of the e-mobility market in India, driven by a strong commitment to support zero emission mobility through lowest Total Cost of Ownership.
Switch Mobility Automotive and Siemens have entered into a Memorandum of Understanding (MOU) towards building a co-operative technological partnership in electric commercial mobility segment and execute eMobility projects in India
The MOU is aimed at delivering efficient, cost-effective and sustainable E-Mobility solutions to various commercial vehicle customers in India. To achieve this objective, Switch Mobility Ltd., will bring its strong electric commercial vehicle industry experience while Siemens will offer its proven flexible, high-efficiency and future-ready charging infrastructure technology with efficie
April 08, 2021
Dheeraj Hinduja, Chairman, Switch Mobility - Businessline× Switch Mobility Automotive Ltd, Ashok Leyland’s electric vehicle arm, has joined hands with global engineering major Siemens for addressing the e-mobility market in India.
Both have signed an agreement towards building a co-operative technological partnership in electric commercial mobility segment and execute e-Mobility projects in India, according to a statement.
As part of the agreement, Siemens Financial Services (SFS), the financing arm of Siemens AG, will consider a minority investment in OHM Global Mobility Private Ltd., the eMaas platform company to be formed as a subsidiary of Switch Mobility Automotive Ltd. The pact is aimed at delivering efficient, cost-effective and sustainable E-Mobility solutions to various commercial vehicle customers in India.
Siemens Limited, Switch Mobility sign MoU to provide sustainable and innovative E-Mobility solutions in India
Posted On: 2021-04-08 08:16:26 (Time Zone: Arizona, USA)
Siemens Limited has signed a Memorandum of Understanding (MOU) with Switch Mobility Automotive Limited to jointly address need of electric commercial vehicle customers and execute EMobility Projects in India.
The MOU is aimed at delivering efficient, cost-effective and sustainable E-Mobility solutions to various commercial vehicle customers in India. Switch Mobility will bring its electric commercial vehicle industry experience while Siemens will provide the charging infrastructure technology and charging infrastructure management software solution to enhance the energy-efficient operations of the chargers. Siemens charging infrastructure management software solution would enhance the energy-efficient operations of chargers.