Ashok Leyland working on commercial vehicles powered by hydrogen: Official

Ashok Leyland is working on hydrogen-powered commercial vehicles and a team is currently engaged in developing them.

Published: 15th November 2021 07:12 PM  |   Last Updated: 15th November 2021 07:12 PM   |  A+A-

Ashok Leyland

Ashok Leyland (Photo | PTI)


CHENNAI: Hinduja group flagship Ashok Leyland is working on hydrogen-powered commercial vehicles and a team is currently engaged in developing them, a top official said on Monday.

For the time being, the company would stick to the Rs 750 crore earmarked for taking up the capital expenditure plan this financial year.

"We are working very closely on hydrogen-powered CVs (commercial vehicles) At this point of time, we do not want to talk more about it. We are deeply engaged and a team is currently working on it," Ashok Leyland CEO and MD Vipin Sondhi told reporters.

The company has drawn up plans to roll out CNG-fitted commercial vehicles that are expected to hit the roads during the fourth quarter of this financial year.

Ashok Leyland CFO Gopal Mahadevan, responding to a query on whether the company was would invest more than the Rs 750-crore capex as was announced earlier or whether will look at revising it, said, "I think we will stay with that number (Rs 750 crore) at the moment".

To a query on exports, Sondhi said the company was looking at having a greater play in the African market.

"Our traditional markets have been SAARC, Middle-East, Nepal and Sri Lanka. As we move forward, you will see us having a greater play in Africa. I think the fleet we have is larger, more comprehensive both in left-hand and right-hand drive (markets)," he said.

Expanding into the African market would be crucial, Sondhi said.

He further said the company would look at South-East Asian markets too.

"In Africa, we have laid out a retail distribution channel," he said.

To a query on the used vehicle segment, Mahadevan said the company would use the digital platform in a big way and not just the traditional way of buying and selling a used vehicle.

"What we are going to do is to use digital in a big way in catering to this segment and not just traditional way of buying and selling used vehicles," he said.

To another query on the total debt, Mahadevan said it was Rs 3,112 crore as on date and sequentially about Rs 1,000 crore was reduced on the back of exemplary work done by the management to reduce the debt levels.


Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on are those of the comment writers alone. They do not represent the views or opinions of or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp