Ashok Leyland to Invest in Battery Ecosystem
Ashok Leyland will invest in battery localisation in India. This will not only provide for the company’s own electric vehicle portfolio, but will also cater to non-captive demand in the entire automotive sector as well as in energy storage sector.
September 01, 2025. By News Bureau
In the backdrop of improving bilateral relations, Ashok Leyland has entered into a long-term exclusive partnership with China’s CALB Group.
The agreements were signed by Shenu Agarwal, Managing Director and CEO, Ashok Leyland and Jacky Liu, CEO, CALB, in presence of Shom Hinduja, President, Alternative Energy and Sustainability Initiatives, Hinduja Group.
Dheeraj Hinduja, Chairman, Ashok Leyland, said, “Ashok Leyland is committed to shape the future of sustainable mobility in India in full alignment with the government’s vision. Our strategic partnership with CALB is a step towards creating a localised battery supply chain in India to accelerate adoption of electric vehicles in India and reduce our dependence on fossil fuels.”
Ashok Leyland will invest in battery localisation in India. This will not only provide for the company’s own electric vehicle portfolio, but will also cater to non-captive demand in the entire automotive sector as well as in energy storage sector. This business would entail investments over INR 5,000 Crore over the next seven to 10 years.
Shenu Agarwal, Managing Director and CEO, Ashok Leyland, said, “In the initial phase, the new battery business shall focus on automotive sector, and then move to non-automotive areas as well, including energy storage systems. A Global Centre of Excellence will be created to serve as a hub for research and development, fostering innovation in battery materials, recycling, battery management systems, and advanced manufacturing processes.”
This partnership marks yet another milestone for Ashok Leyland and Hinduja Group’s ongoing commitment towards electrification, with investments across Electric Vehicles (EVs), Electric Mobility-as-a-Service (EMaaS), charging equipment, vehicle financing and leasing, among other areas.
please contact: contact@energetica-india.net.
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