Ashok Leyland is investing ₹50 billion with CALB to build India’s battery ecosystem, strengthening EV and energy storage electronics for the future.
Ashok Leyland, the flagship of the Hinduja Group, has announced an investment of over ₹50 billion in battery localisation in India over the next 7–10 years. The initiative aims to strengthen the company’s electric vehicle (EV) portfolio under Ashok Leyland and Switch Mobility while also addressing non-captive demand in the automotive and energy storage sectors.
In a strategic move, Ashok Leyland has entered into a long-term exclusive partnership with CALB Group, a leading Chinese battery technology company. The collaboration will focus on the development and manufacturing of next-generation batteries for both automotive and non-automotive applications, including energy storage systems (ESS).
The partnership agreement was signed by Mr. Shenu Agarwal, Managing Director & CEO, Ashok Leyland, and Mr. Jacky Liu, CEO, CALB (HK) Co., Ltd, in the presence of Mr. Shom Hinduja, President, Alternative Energy and Sustainability Initiatives, Hinduja Group.
Highlighting the significance of the venture, Mr. Dheeraj Hinduja, Chairman of Ashok Leyland, said:
“The company is deeply committed to shaping the future of sustainable mobility in India and this partnership is a significant step towards creating a localized battery supply chain.”
With this localisation strategy and CALB partnership, Ashok Leyland is positioning itself not just as a commercial vehicle manufacturer but also as a critical player in India’s advanced battery technology supply chain. The move underscores the growing convergence of automotive and electronics industries in the shift towards electric mobility and energy storage.
On the market front, Ashok Leyland stock was trading up 0.25% at ₹127 on the NSE in early afternoon trading on 1st Sep.
