Automaker Ashok Leyland is foraying into the battery manufacturing space with an investment of Rs 5,000 crore. The company says that the move is aimed at assisting its own electric vehicle portfolio as well as expanding in the non-auto battery storage space.
The Hinduja Group company has partnered with Chinese battery manufacturer CALB, which is the world’s seventh-largest battery supplier to the EV industry.
Shenu Agarwal, Managing Director and CEO of Ashok Leyland, said in a statement that in the initial phase of production, the company’s new battery business shall focus on the automotive sector and then gradually expand to the non-automotive sector also.
“A Global Centre of Excellence will be created to serve as a hub for research and development, fostering innovation in battery materials, recycling, battery management systems, and advanced manufacturing processes,” Agarwa said.
The company said that the proposed 5,000 crore investment will be made in a period of 7 to 10 years.
Ashok Leyland August sales
Ashok Leyland sold a total of 15,239 vehicles in August 2025, says an exchange update by the company on September 1. The company’s total domestic sales stood at 13,622 units, increasing 2 per cent YoY.
Ashok Leyland sold a total of 6,738 trucks and 2,643 buses in the medium and heavy segment. In the light commercial vehicles segment, the company sold 5,858 vehicles in total. While the company’s medium and heavy segment saw a good 8 per cent YoY sales growth, the light commercial vehicles segment grew by only 1 per cent YoY in August.
Ashok Leyland share price
Ashok Leyland’s share price has gained about 6 per cent in the last 15 days. On Monday- September 1, Ashok Leyland was up 0.64 per cent by 2:00 PM.