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A Memorandum of Understanding (MoU) has been signed by Ashok Leyland and Indian Institute of Technology Madras (IIT Madras) for setting up a Centre of Battery Engineering (CoBE) at IIT Madras.
The objective of this MoU is to promote research and development (R&D) activities to strengthen battery engineering and related sub parts, especially for electric vehicles.
Ashok Leyland is going to provide a funding of Rs 1.5 crore over a 5-year period to this centre at IIT Madras.
