Ashok Leyland to Invest Rs 50 Billion in Battery Ecosystem

02 Sep 2025 CW Team

CALB Group specialises in lithium battery technology, including battery materials, management systems, and integrated energy products. The collaboration will focus on localising battery production in India to reduce import reliance and accelerate electric vehicle (EV) adoption.

The initial investment will prioritise supporting Ashok Leyland and Switch Mobility’s growing EV portfolios. However, the strategy also includes catering to broader industry demand—extending beyond captive use to serve other automotive players and the wider energy storage sector.

“Ashok Leyland is deeply committed to shaping the future of sustainable mobility in alignment with the government’s vision,” said Dheeraj Hinduja, Chairman of Ashok Leyland. “Our partnership with CALB marks a major step in developing a local battery supply chain to cut fossil fuel dependency.”

Managing Director and CEO Shenu Agarwal stated that while the new venture will initially target automotive needs, it will gradually expand into the energy storage domain. The company also plans to establish a Global Centre of Excellence to lead research and development in battery materials, recycling, battery management systems, and advanced manufacturing technologies.

This battery investment complements the Hinduja Group’s broader clean mobility strategy, which includes electric vehicles, e-mobility-as-a-service, charging infrastructure, and financing solutions.

Ashok Leyland is currently India’s second-largest commercial vehicle manufacturer and ranks as the world’s fourth-largest bus maker. The firm is actively diversifying into electric, CNG, LNG, and hydrogen-powered vehicles as part of its long-term sustainability agenda.

Ashok Leyland, the flagship company of the Hinduja Group and a leading commercial vehicle manufacturer in India, has announced plans to invest over Rs 50 billion in the battery ecosystem over the next 7 to 10 years. The initiative is part of a long-term exclusive partnership with China’s CALB Group, and aims to support both automotive and non-automotive battery applications, including energy storage systems.CALB Group specialises in lithium battery technology, including battery materials, management systems, and integrated energy products. The collaboration will focus on localising battery production in India to reduce import reliance and accelerate electric vehicle (EV) adoption.The initial investment will prioritise supporting Ashok Leyland and Switch Mobility’s growing EV portfolios. However, the strategy also includes catering to broader industry demand—extending beyond captive use to serve other automotive players and the wider energy storage sector.“Ashok Leyland is deeply committed to shaping the future of sustainable mobility in alignment with the government’s vision,” said Dheeraj Hinduja, Chairman of Ashok Leyland. “Our partnership with CALB marks a major step in developing a local battery supply chain to cut fossil fuel dependency.”Managing Director and CEO Shenu Agarwal stated that while the new venture will initially target automotive needs, it will gradually expand into the energy storage domain. The company also plans to establish a Global Centre of Excellence to lead research and development in battery materials, recycling, battery management systems, and advanced manufacturing technologies.This battery investment complements the Hinduja Group’s broader clean mobility strategy, which includes electric vehicles, e-mobility-as-a-service, charging infrastructure, and financing solutions.Ashok Leyland is currently India’s second-largest commercial vehicle manufacturer and ranks as the world’s fourth-largest bus maker. The firm is actively diversifying into electric, CNG, LNG, and hydrogen-powered vehicles as part of its long-term sustainability agenda.

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Infrastructure Transport

30 May 2026

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Infrastructure Urban

30 May 2026

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..