Ashok Leyland is set to invest over Rs 50 billion in the development and localisation of next-generation batteries in India.
The investment will cater to both automotive and non-automotive applications, including energy storage systems, and will be undertaken over the next 7–10 years.
As part of this initiative, Ashok Leyland has entered into a long-term exclusive partnership with China Aviation Lithium Battery Group. The partnership will support Ashok Leyland’s electric vehicle portfolio under the Ashok Leyland and Switch brands, while also addressing non-captive demand in the wider automotive and energy storage sectors.