In a significant move to boost India’s electric vehicle (EV) ecosystem, Ashok Leyland has partnered with China’s CALB Group to invest over ₹5,000 crore in battery production over the next 7 to 10 years. This collaboration aims to establish advanced battery manufacturing facilities in India, focusing on next-generation lithium-ion batteries that will power electric mobility and energy storage solutions.

Ashok Leyland, a prominent player in the commercial vehicle sector and part of the Hinduja Group, is accelerating its transition toward electric mobility. The partnership with CALB, a leading global manufacturer of EV batteries, reinforces this commitment by localizing battery production, a critical component in EV adoption.

The ₹5,000 crore investment will be deployed to set up battery manufacturing plants equipped with cutting-edge technology, enabling the production of high-performance, durable, and efficient batteries. This step supports India’s broader goal of reducing dependence on imports and enhancing the domestic electric vehicle supply chain.

This alliance comes at a time when the electric vehicle market in India is poised for rapid growth, driven by government incentives, evolving consumer preferences, and a push for sustainable transportation. By localizing battery production, Ashok Leyland and CALB aim to address challenges such as high battery costs and supply chain vulnerabilities, fostering a more robust EV infrastructure.

Moreover, the joint venture is expected to create significant employment opportunities and contribute to skill development in the battery manufacturing sector. It also aligns with the Indian government’s vision under the Make in India initiative, encouraging domestic manufacturing and reducing carbon footprints.

Investors and market watchers are keenly observing this development, as it highlights the growing importance of battery technology in the future of transportation and energy storage. Ashok Leyland’s strategic move with CALB signals a strong push towards innovation and sustainability in the commercial vehicle segment.

In conclusion, this partnership not only strengthens India’s position in the global EV supply chain but also marks a substantial step forward for Ashok Leyland in its electrification journey. As the EV revolution gains momentum, collaborations like these will be pivotal in shaping the future of mobility in India and beyond.