Ashok Leyland Plans ₹5,000 Crore Investment Over 10 Years to Localize Battery Production.

Commercial vehicle manufacturer Ashok Leyland announced a major investment of over ₹5,000 crore to be made over the next 7-10 years for the development and production of next-generation batteries. This initiative is aimed at localizing battery technology for both automotive and non-automotive applications, including energy storage systems.

To support this ambitious plan, the flagship company of the Hinduja Group has entered a long-term, exclusive partnership with China's CALB Group, a leading battery technology firm.

Ashok Leyland stated that the investment will not only cater to its own needs and that of its electric vehicle subsidiary, Switch, but also for non-captive demand across the wider automotive industry and in the energy storage sector.