Ashok Leyland signs LOI with Phinergy of Israel


Ashok Leyland took the next step to secure long-term arrangements for its EV commercial vehicles by signing a Letter of Intent (LoI) with Phinergy of Israel.

Ashok Leyland and Phinergy will work towards the adaptation of competitive and sustainable solutions for high energy applications in the commercial space.

With a turnover in excess of US $ 3.3 billion (2016-17) and a footprint that extends across 50 countries, it is one of the most fully-integrated manufacturing companies this side of the globe.

With the largest fleet of logistics vehicles deployed in the Indian Army and significant partnerships with armed forces across the globe, we help keep borders secure.

Headquartered in Chennai, India, the company’s manufacturing footprint spreads across the globe with 9 plants; including one each at Great Britain and Ras Al Khaimah (UAE).

Yash Ved
Yash Ved is a Senior Correspondent at NewsBarons and comes with a decade of experience across leading online and offline publications. A keen observer of the stock index movement, Yash also likes covering Real Estate and the BFSI sector. A financial management and Journalism student, Yash believes learning as a continuous journey and enjoys following the IT and the Pharmaceutical industry and has penned many articles on the subjects.