Ashok Leyland to Invest ₹5,000 Crore in Battery Localisation with CALB

Ashok Leyland partners with CALB Group to invest Rs 5,000 crore in battery manufacturing

The Hinduja Group’s flagship company has entered into a long-term partnership with CALB, marking a milestone as India–China relations show signs of improvement

Ashok Leyland partners with China’s CALB Group, to invest over ₹5,000 crore for battery production

The partnership marks yet another milestone for Ashok Leyland and Hinduja Group’s ongoing commitment towards electrification, with investments across Electric Vehicles, Electric Mobility-as-a-Service, Charging Equipment, Vehicle Financing and Leasing, and other areas

Ashok Leyland to invest ₹5,000 crore in battery localisation with CALB

Initially, the new battery arm will focus on automotive applications, supplying both Ashok Leyland and its EV subsidiary Switch Mobility. Over time, the scope will widen to non-automotive areas, including energy storage systems.

Ashok Leyland lines up Rs 5k cr investment to localise battery ecosystem

Ashok Leyland lines up Rs 5k cr investment to localise battery ecosystem

Sensex Today: Bulls Hold 80,000 as Reliance, Ashok Leyland, Sugar Stocks Lead Rally

The Indian market cooled on Tuesday as the Sensex slipped into the red, trading just above 80,600. Autos and pharma were the biggest drags, with names like Dr. Reddy’s and M&M under pressure. Still, gains in Reliance, NTPC, and select realty counters kept the index above the 80,000 mark, a level traders say is turning into the key battleground after last week’s volatile swings. Market Drivers and Macro Tailwinds The dip came even as domestic dat…

Ashok Leyland, CALB Group to Invest ₹5,000 Crore in Battery Localisation

Ashok Leyland has partnered with CALB Group to invest ₹5,000 crore in battery localisation, boosting EV manufacturing, supply chain efficiency, and India’s green mobility drive.