Bhel looks to pivot from power sector to transportation, electric vehicles

In an attempt to keep pace with the fast-changing electricity sector, state-run Bharat Heavy Electricals Ltd (Bhel) is positioning itself as a transportation solutions provider, particularly in crowded urban settings. India’s largest power generation equipment maker wants to become a turn-key metro rail end-to-end solutions provider and also manufacture electric vehicles such as buses, cars, two-wheelers and boats. While Bhel has signed an agreement with Ashok Leyland Ltd and Tata Motors Ltd for developing a propulsion system for buses, the public sector unit is also seeking technical collaboration to manufacture metro rail locomotives and has initiated separate talks with Hitachi Transportation Systems, Mitsubishi Heavy Industries and Škoda Transportation. ref : http://www.livemint.com/Industry/JM0aTcCUuIG80iRHrymIEP/Bhel-looks-to-pivot-from-power-sector-to-transportation-ele.html