Ashok Leyland to invest Rs 50 bn in battery localisation

Ashok Leyland plans to invest more than Rs 50 billion over the next 7 to 10 years to develop and localise advanced battery technologies in India.

Ashok Leyland confirmed that the localisation of battery manufacturing in India will support its own electric vehicle portfolio under the Ashok Leyland and Switch brands, while also supplying batteries to non-captive demand in both the automotive and energy storage markets.  

As part of this strategy, Ashok Leyland has signed a long-term exclusive agreement with China Aviation Lithium Battery Group. The partnership will support its electric vehicle portfolio under the Ashok Leyland and Switch brands, while also supplying batteries to external customers in the automotive and energy storage sectors.