Ashok Leyland, the prominent Indian flagship of the Hinduja Group and a leading commercial vehicle manufacturer, has announced a significant strategic move to bolster India’s electrification landscape.
The company plans to invest over Rs. 5000 Crore over the next 7-10 years in the development and manufacturing of next-generation batteries.
This substantial investment underscores Ashok Leyland’s commitment to becoming a key player in establishing an electrification ecosystem within India, aligning with the Government’s vision for a sustainable and green economy.
To drive this initiative forward, Ashok Leyland has formed a long-term exclusive partnership with CALB Group, a prominent battery technology company headquartered in China.
The agreements were officially signed by Mr. Shenu Agarwal, Managing Director & CEO of Ashok Leyland, and Mr. Jacky Liu, CEO of CALB (HK) Co., Ltd, with Mr. Shom Hinduja, President of Alternative Energy and Sustainability Initiatives at the Hinduja Group, also present.
Critically, it will also cater to non-captive demand across the broader automotive sector and the burgeoning energy storage sector.
Initially, the new battery business will concentrate on the automotive sector before expanding into non-automotive areas, including energy storage systems.
As part of this initiative, a Global Centre of Excellence will be established. This centre is envisioned as a hub for research and development, fostering innovation in crucial areas such as battery materials, recycling processes, advanced battery management systems, and manufacturing techniques.
This partnership marks another milestone in the Hinduja Group’s ongoing dedication to electrification, which already encompasses investments in Electric Vehicles, Electric Mobility-as-a-Service, Charging Equipment, and Vehicle Financing and Leasing. Ashok Leyland, established in 1948, is the 2nd largest commercial vehicle manufacturer in India and has a wide range of electric, CNG, LNG, and hydrogen vehicles commercially available.
CALB Group is recognised as a global leader in new energy technology, focusing on advanced technological innovation and large-scale intelligent manufacturing to provide comprehensive energy operation systems.
Ashok Leyland’s Regulatory Filings:
The announcement regarding this significant event was formally communicated to the stock exchanges on September 1, 2025. This disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The communication, titled “Ashok Leyland to Invest in the Battery Ecosystem for a Sustainable India,” was signed by N Ramanathan, Company Secretary, for ASHOK LEYLAND LIMITED, and submitted to the NSE and BSE.
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