Ashok Leyland to invest Rs 5,000 cr in battery business, signs deal with China's CALB
Ashok Leyland, in partnership with China’s CALB Group, will invest over ₹5,000 crore in India’s battery ecosystem over the next 7–10 years. The collaboration aims to localize battery production for EVs, energy storage, and other applications, supported by a planned Global Centre of Excellence for R&D in battery materials, recycling, and advanced technologies.