Ashok Leyland Invests ₹5,000 Crore in Battery Manufacturing with CALB Partnership

Ashok Leyland, part of the Hinduja Group, announced a major ₹5,000 crore investment to enter the battery manufacturing sector. The move aims to power its electric vehicle (EV) portfolio and also expand into the non-automotive energy storage market.

Global Partnership

To strengthen its plans, the company has partnered with CALB, a leading Chinese battery maker and the seventh-largest global supplier for the EV industry.

Focus Areas and R&D Centre

Initially, the new business will concentrate on automotive batteries, with plans to later enter non-automotive applications. A Global Centre of Excellence will also be set up to focus on research and development in areas like battery materials, recycling, management systems, and advanced manufacturing processes.

Investment Timeline

The ₹5,000 crore investment will be spread over a period of 7 to 10 years, supporting long-term expansion and innovation.

August 2025 Sales Update

In August 2025, Ashok Leyland sold 15,239 vehicles, with domestic sales at 13,622 units, marking a 2% YoY rise. Medium and heavy vehicles grew 8% YoY with 6,738 trucks and 2,643 buses sold, while the light commercial vehicle segment grew 1% YoY with 5,858 units sold.

Also Read: Upcoming IPOs in September 2025!

Ashok Leyland Share Price Movement

Ashok Leyland share price (NSE: ASHOKLEY) was trading at ₹128.32, up 1.06% on 1 Sept at 2:45 pm IST. The stock opened at ₹127.35, touched a high of ₹128.51, and a low of ₹125.85 during the day. The company has a market capitalisation of ₹76,999 crore, with a P/E ratio of 23.52 and a dividend yield of 2.44%. Its share price has gained nearly 6% in the last 15 days. On September 1, 2025, the shares were trading up 0.64% by 2:00 PM.

Conclusion

With a strong partnership and significant investment, Ashok Leyland is positioning itself to become a key player in India’s EV and energy storage space while maintaining steady growth in vehicle sales.

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