Africa - South Sudan

Nikola Tesla (July 10, 1856 - January 7, 1943)

Nikola Tesla registered more than 700 patents in 35 countries of the world, and many of those inventions brought progress and prosperity to mankind. However, Tesla, when he died in New York, was penniless.

Nikola Tesla 1st Electric Car in 1918 That Regenerate Electricity from the Earth.

This is Nikola Tesla's 1921 Pierce-Arrow electric car, powered by pure etheric electricity. It is a self-charging car; it does not run on batteries, oil, or gas.

Electric cars have been around much In 1931, Nikola Tesla presented and tested a new automobile that he had developed it with his own personal funds.

The motor had been removed, leaving the clutch, gearbox and transmission to the rear wheels uninterrupted. The power receiver (gravity energy converter) had been built by Tesla himself. It was installed in front of the control panel. A heavy antenna, approximately 1.8 meters long, protruded from the converter. This antenna apparently had the function as that of the moray converter (radiant energy!).

Mr Tesla said there was enough power in the converter to light an entire house, plus run the car's motor.

File photograph of Ashok Leyland | Photo Credit: The Hindu

Ashok Leyland Ltd. for the second quarter ended September 20, 2025, reported 7% development in consolidated web revenue [attributed to owners of the company] to ₹756 crore as in contrast with ₹706 crore within the year-ago interval.

During the quarter income elevated 9% 12 months on 12 months (YoY) to ₹10,544 crore.

The Board has advisable a 100% Interim Dividend of ₹1 per share on shares with face worth of ₹1.

The firm mentioned each its Q2 quantity jumped of three% in Medium & Heavy Commercial Vehicles [MHCV] section (from 25,542 to 26,307 models) and 6% within the Light Commercial Vehicles [LCV] section (from 16,629 to 17,697 models) on YoY foundation. 

Its home MHCV market share continued to be over 30% and it maintained its market management within the Bus section. The LCV home market share within the addressable segments has additionally improved, it mentioned 

The export volumes for the quarter had been at 4,784 models, up 45% YoY.

Dheeraj Hinduja, Chairman, Ashok Leyland, mentioned, “We proceed to ship worthwhile development, pushed by persevering with demand. Our strong all-round efficiency symbolises the competitiveness of our merchandise and robust buyer focus.’

“In the International enterprise we’re intensifying our growth technique in our focus markets of Middle East, Africa and SAARC. Switch Mobility is performing effectively with an order guide of almost 1,500 automobiles,” he added.

Shenu Agarwal, Managing Director & CEO, Ashok Leyland, added, “We proceed to see steady demand in all segments of vans and buses. The trade has posted development, albeit modest,  and we’re anticipating to witness higher development within the second half.” 

“Ashok Leyland has achieved its eleventh consecutive quarter of double-digit EBITDA. Our concentrate on profitability is mirrored in file PAT for Q2FY26 and better EBITDA margins, each sequentially and year-on-year,” he mentioned. 

“Margin growth is being pushed by product premiumization, community development, operational effectivity, value optimization, and digital enablement. We imagine we’re effectively positioned to realize our mid-teen EBITDA aim within the medium time period. We stay money constructive,” he added.

Published - November 13, 2025 02:11 am IST

Ashok Leyland is a key commercial vehicle (CV) manufacturer in India and it is rapidly expanding internationally in its twin-fold strategy to harness the strong export wave to establish a local production facility in the strategic overseas markets. Dheeraj Hinduja, Chairman of the company explains the fact that it is increasingly dominating GCC, SAARC, and Africa (South Sudan) reflects that Indian automakers are learning to balance between exports, localisation, and product-region fit to fit a specific regional demand. 

Export Momentum with 33% Year on Year Increase 

During the Q3 FY25, Ashok Leyland established a remarkable year-on year increase in export amounting to 33% with an export volume estimated at approximately 4,151 units. The highest growth was recorded among the Gulf Cooperation Council (GCC), the SAARC countries, and African markets such as South Sudan, Chad and Ethiopia due to the demand for trucks, buses and construction vehicles. 

The GCC region currently provides close to 30% of total exports and infrastructure and mobility projects. In the case of FY25, the business is aiming at approximately 15,000 export units, as compared to 11,800 units in FY24, and 25,000 units per year in the medium term of the brand across the world. 

The Future Growth Hub 

Dheeraj Hinduja states that the flagship company Ashok Leyland is moving forward with its internationalisation strategy and it has decided to establish a new manufacturing plant in Saudi Arabia. The plant shall target electric buses, light trucks and conventional CVs, with the region of production being in line with the increasing need to provide the region with mobility solutions through Saudi vision 2030. The local production also enables the company to customise the vehicle specifications to suit the local conditions.  

Frequently Asked Questions (FAQs) 

What is the increase in export of Ashok Leyland in FY25? 

Exports in Q3 FY25 increased by 33% every year, where the number was approximately 4,151 units; the demand was high in GCC, SAARC and African regions. 

What are the important export markets of Ashok Leyland? 

Ashok Leyland Expand Light Commercial Vehicle Business

Gold Silver Reports (GSR) – Ashok Leyland Expand Light Commercial Vehicle Business, international operations and defence mobility segment, according to company Chairman Dheeraj G Hinduja. For the electric-vehicle segment, Ashok Leyland is also looking to tap the proven success of its Optare bus range in the United-Kingdom, for other locations as well.

(more…)

New Post has been published on https://freenews.today/2021/02/27/hindujas-join-spac-boom-with-float-of-2bn-electric-bus-maker-switch/

Hindujas join SPAC boom with float of $2bn electric bus-maker Switch

Britain’s second-richest family is exploring plans to join a wave of “blank cheque” mergers in a move that could see another major UK electric vehicle manufacturer going public in the US.

Sky News has learnt that Ashok Leyland, the Indian-listed group controlled by the Hindujas, is working with bankers on a potential merger of Switch Mobility with a Special Purpose Acquisition Company (SPAC) in New York.

The plans, which are at an early stage, could see Switch Mobility valued at between $1.5bn and $2bn, according to analysts and banking sources.

Insiders said that the Hindujas, whose fortune was estimated by last year’s Sunday Times Rich List at £16bn, were also examining a private capital-raising for the electric bus manufacturer.

They cautioned that Switch Mobility’s shareholders could opt to raise private capital only and shun the public markets until a later date.

Switch Mobility, which was previously known as Optare, has contracts with bus operators in cities including London and York.

More than 150 of its vehicles are already in service in the UK, and Ashok Leyland has signalled plans for an aggressive expansion of its ambitions in the electric vehicle market.

Switch Mobility is chaired by Andy Palmer, the former chief executive of Aston Martin Lagonda, who joined the board last year.

Based near Leeds, the company’s owner is one of the world’s three largest bus manufacturers.

The Hindujas have indicated that they are prepared to inject more of their vast fortune into becoming a global leader in the EV sector, which is seeing an explosion in investment and corporate activity.

Dheeraj Hinduja, Ashok Leyland’s chairman, said last year that the company, which is majority-owned by Hinduja companies, was looking to bring all of its EV initiatives under the Switch Mobility umbrella.

“This strategy reflects the clear growth opportunities in the global LCV [light commercial vehicle] and bus EV market, which is projected to grow at a compounded annual growth rate of more than 25% and to be worth in the region of $50bn by 2030,” he said.

“To capture part of that market, we are considering EV initiatives through Switch that could include financial participation and strategic tie-ups.”

Another UK-based electric vehicle producer, Arrival, merged with a blank cheque company in November, underlining investors’ appetite for such deals.

Arrival, which was already backed by Hyundai, went public with a valuation of well over $5bn, while Rivian, another start-up, is making a fleet of electric vans for Amazon.

US-listed SPACs have raised tens of billions of dollars since the start of the year alone as they capitalise on opportunities to entice technology companies to the public markets while short-cutting conventional listing processes.

Numerous entrepreneurs, including Sir Richard Branson, have turned to SPACs to find a new wave of deals, fuelling concerns about a valuation bubble in tech stocks and the gargantuan sums of money being handed to the vehicles’ founders.

It was unclear this weekend whether Ashok Leyland had formally opened talks with SPACs about a deal.

Bankers at Citi are advising the company on its options.

A spokeswoman for Ashok Leyland declined to comment this weekend on its discussions about a possible SPAC deal.

Ashok Leyland bags mega order for 1,400 school buses

Mr. Dheeraj Hinduja, Executive Chairman, Ashok Leyland The buses will be supplied from Ashok Leyland’s manufacturing facility in Ras Al Khaimah, UAE, the only certified local bus making facility in GCC This is a testament to the reliability, durability and robustness of our buses and reaffirms the faith our customers have on our buses.” — Mr. Dheeraj Hinduja, Executive Chairman, Ashok…

Ashok Leyland has ambitious EV plans for a global play: Dheeraj Hinduja

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Mumbai: Leading commercial vehicle manufacturer Ashok Leyland Ltd has ambitious plans for the electric vehicle (EV) segment in the short to medium term, said the company chairman Dheeraj G Hinduja on Wednesday.

He was addressing the shareholders at Ashok Leyland’s 71st annual general meeting (AGM) today.

“Your company has ambitious plans for a global play in the EV segment in both…