Ashok Leyland has begun delivering electric trucks to Billion Electric Mobility, including AVTR 55 tonne, BOSS 19 tonne, and BOSS 14 tonne models, as part of a INR 150 Cr contract for 180 vehicles
The electric trucks feature advanced technologies such as frame-level battery packs, IP67 protection, ADAS, and dual-gun charging, designed for various commercial applications
This partnership comes as Billion Electric, which raised $10 Mn in June 2023, aims to expand its services in the EV sector, while Ashok Leyland reported a 6.39% drop in Q1 FY25 net profit despite a 10.66% rise in revenue
Inc42 Daily Brief
Stay Ahead With Daily News & Analysis on India’s Tech & Startup Economy
Hinduja Group’s flagship vehicle manufacturer Ashok Leyland has started delivery of its AVTR 55 tonne electric, BOSS 19 tonne electric and BOSS 14 tonne electric trucks to Billion Electric Mobility.
The commercial vehicle major had bagged a contract to supply 180 electric trucks worth around INR 150 Cr to Group BillionE. These vehicles will be operated on the Chennai-Bengaluru and Chennai-Vijayawada routes.
The vehicles are designed to provide advanced performance, safety, and efficiency. The battery packs, positioned at the frame level ensuring compatibility with commonly used trailers and superstructures, come with IP67 protection to safeguard against water and dust ingress.
The vehicles are equipped with advanced driver assist systems (ADAS) for enhanced safety. The vehicles also feature simultaneous dual-gun charging for faster recharging and are equipped with the widely used common charging standard 2 (CCS2).
The AVTR 55 tonne is a heavy-duty electric tractor designed for long-haul transportation, while the BOSS 19 tonne and BOSS 14 tonne are intermediate commercial vehicles (ICVs) for medium and lighter duty applications, respectively, Ashok Leyland said in a statement.
“Ashok Leyland is proud of its partnership with BillionE Group as we commence deliveries of our AVTR 55 tonne Electric and BOSS ICV Electric trucks. We have packed the most advanced and premium features making these products more superior in performance,” said Shenu Agarwal, MD and CEO of Ashok Leyland.
In June 2023, Billion Electric raised $10 Mn in a seed round to address challenges in the Indian commercial mobility sector. The company aims to offer comprehensive services, including electric vehicles and charging infrastructure in collaboration with CHARGE+ZONE.
Ashok Leyland is engaged in manufacture and sale of a wide range of commercial vehicles. The company also manufactures engines for industrial and marine applications, forgings and castings.
The company reported 6.39% fall in consolidated net profit to INR 509.15 Cr in Q1 FY25 as compared with INR 543.89 Cr in Q1 FY24. Revenue from operations rose 10.66% year on year (YoY) to INR 10,724.49 Cr in the quarter ended June 2024.
Note: We at Inc42 take our ethics very seriously. More information about it can be found here.