Home Northern Africa India’s Ashok Leyland to form JV with Egyptian car manufacturer El Nasr...

India’s Ashok Leyland to form JV with Egyptian car manufacturer El Nasr for Electric vehicles

162

(3 minutes read)

 

Ashok Leyland, an Indian multinational automotive manufacturer is now scouting the electric vehicle market in Egypt through a partnership with El Nasr Automotive Manufacturing. The share of electric vehicles in the Egyptian car fleet is expected to increase from mid-2023. This is due to the partnership recently signed with the Egyptian car manufacturer El Nasr Automotive. The two companies, which will form a joint venture, initially plan to extend and modernise an El Nasr factory in the city of Cairo.

Ashok Leyland. an Indian multinational automotive manufacturer is now scouting the electric vehicle market in Egypt through a partnership with El Nasr Automotive Manufacturing. The share of electric vehicles in the Egyptian car fleet is expected to increase from mid-2023. This is due to the partnership recently signed with the Egyptian car manufacturer El Nasr Automotive. The two companies, which will form a joint venture, initially plan to extend and modernise an El Nasr factory in the city of Cairo.

 The facility should allow the manufacture of trucks, vans, pick-ups and buses in all-electric mode. This will enable the development of less polluting transport in North Africa, particularly in the countries where these vehicles will be imported. According to Mahmoud Esmat, the Egyptian Minister of Public Sector Business, “Egypt has a local market capable of absorbing a large number of productions to provide electric vehicles at affordable prices.

Read Also:

https://trendsnafrica.com/egypt-signs-agreements-with-global-auto-majors-to-boost-domestic-production-of-cars/

https://trendsnafrica.com/french-company-stellnatis-to-set-up-ev-production-facility-in-egypt/

https://trendsnafrica.com/sustainable-rural-economy-program-3/

It is above all its range of “circuit” electric buses launched in 2016 that Ashok Leyland wants to spread on the roads of Africa. According to the Hinduja conglomerate company founded in 1948, this vehicle with artificial intelligence (AI) requires a single daily charge to travel up to 120 kilometres