Ashok Leyland Unveils First E-Bus Plant in UP, Rs 1,000 Crore Investment in Lucknow

India
M
Moneycontrol•09-01-2026, 16:18
Ashok Leyland Unveils First E-Bus Plant in UP, Rs 1,000 Crore Investment in Lucknow
- •Ashok Leyland inaugurated its first integrated electric bus manufacturing facility in Sarojini Nagar, Lucknow, Uttar Pradesh.
- •The plant, built on 70 acres in 16 months, signifies a major expansion in electric and alternative-fuel vehicles for Ashok Leyland.
- •Initial investment is Rs 252 crore, with a total planned capital expenditure of Rs 1,000 crore, creating 1,000 direct and 2,000 indirect jobs.
- •The facility will produce electric buses, travellers, and cargo vehicles, with an initial annual capacity of 2,500 units, scalable to 5,000.
- •Defence Minister Rajnath Singh and CM Yogi Adityanath highlighted UP's improved investment climate and industrial transformation.
Why It Matters: Ashok Leyland's new Lucknow e-bus plant marks a significant investment in UP's industrial growth and green manufacturing.
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