Siemens Signs MoU with Ashok Leyland Arm to Provide E-Mobility Solutions in India

The MoU is aimed at delivering efficient, cost-effective and sustainable e-Mobility solutions to various commercial vehicle customers in India.

April 09, 2021. By Manu Tayal

In order to tap the growing electric vehicles market in India, Siemens has signed a Memorandum of Understanding (MOU) with auto major Ashok Leyland’s arm Switch Mobility Automotive to jointly address the need of electric commercial vehicle customers and execute e-Mobility 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.

The two companies will collaborate on new business models such as eMobility-as-a-Service (eMaas), integrated depot energy management, Vehicle-to-Grid (V2G) as well as on-site / off-site renewable energy sources by leveraging batteries from commercial vehicles.

Commenting on the partnership, Dheeraj Hinduja, Chairman of Switch Mobility Ltd, said, “Switch Mobility has a strong pedigree in the commercial vehicle market in India and is ideally placed to promote our aspiration of zero carbon emission transportation. With our experience of over 230 electric vehicles (EV) already in operation successfully in India and the UK, we see immense growth opportunities for Switch’s expansion in India, Europe and many Global markets.”

Hinduja further said, “our aspiration is to make electric products more affordable through this offering which is shared by Siemens, renowned for their rich technological pedigree in innovative engineering solutions. We believe that a collaborative approach will accelerate the process. I am very excited with this collaboration which I strongly believe augurs well for the future of commercial e-mobility, in India.”

“Siemens is a global leader in E-Mobility solutions for commercial vehicles. We have been implementing projects for electric commercial vehicles across the globe. Together with Switch Mobility, we intend to implement high-quality techno-commercial solutions to address the needs of the growing E-mobility market in India,” said Sunil Mathur, Managing Director and Chief Executive Officer of Siemens Ltd.

As per the MOU, Siemens Financial Services (SFS), the financing arm of Siemens AG, will consider a minority investment in OHM Global Mobility Pvt Ltd, the eMaas platform company to be formed as a subsidiary of Switch Mobility.

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