Ashok Leyland to Invest Rs 50 Billion in Battery Ecosystem
ECONOMY & POLICY

Ashok Leyland to Invest Rs 50 Billion in Battery Ecosystem

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. 

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. 

Related Stories

Gold Stories

Next Story
Infrastructure Energy

Asian Energy Services Q1 FY27 PAT Rises 129 Per Cent

Asian Energy Services Limited reported a 129 per cent year-on-year rise in net profit to Rs 128 million for Q1 FY27, compared with the corresponding quarter last year.Revenue increased 135 per cent year-on-year to Rs 2.71 billion, supported by continued momentum across its services business, disciplined execution and contributions from domestic and international operations. EBITDA grew 81 per cent year-on-year during the quarter.As of June 30, 2026, the company’s standalone order book stood at Rs 17.54 billion, with around 60 per cent coming from oil and gas services and 40 per cent from min..

Next Story
Infrastructure Urban

BioBTX to Build First Commercial-Scale Circular Chemicals Plant

Dutch circular chemistry technology developer BioBTX is building what it says will be the world’s first commercial-scale plant to convert mixed plastic waste into high-quality aromatic chemicals using its proprietary Integrated Catalytic Cracking Process (ICCP) technology.The facility will be built at Chemical Park Delfzijl on the northern coast of the Netherlands and is expected to create 35 jobs. Covestro, which has been a shareholder and strategic partner of BioBTX since 2024, holds a mid-single-digit million-euro investment in the company.BioBTX’s ICCP technology uses catalytic pyrolys..

Next Story
Real Estate

Awfis Q1 FY27 PAT Jumps 140% as Revenue Rises 27%

Awfis Space Solutions reported a 140 per cent year-on-year rise in consolidated profit after tax (PAT) to Rs 240 million for Q1 FY27, compared with Rs 100 million in the corresponding quarter last year.Revenue from operations increased 27 per cent to Rs 4.25 billion from Rs 3.35 billion, while EBITDA rose 28 per cent to Rs 1.62 billion. EBITDA margin improved to 38.2 per cent from 37.8 per cent. Profit before tax increased 135 per cent to Rs 240 million.The company's co-working business recorded 27 per cent year-on-year growth, supported by demand from enterprises, Global Capability Centres (G..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement