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Ashok Leyland + China Player = Make EV Battery @ ₹5K Cr, 5 Points

adminSeptember 3, 2025

1 minute read

Ashok Leyland + China Player = Make EV Battery @ ₹5K Cr, 5 Points — Ashoka Leyland to make EV battery with CALB

Chennai / Vijayawada

1. Strategic Battery Push by Ashok Leyland

Investment Size: ₹5,000 crore over the next 7–10 years.
Focus Areas: Automotive batteries, non-automotive batteries, and energy storage systems.
Objective: Build a localized battery supply chain in India to accelerate EV adoption.

2. Exclusive Partnership with CALB

Partner: CALB Group, a leading Chinese battery technology company.
Nature: Long-term, exclusive partnership.
Signed By:
- Shenu Agarwal, MD & CEO, Ashok Leyland
- Jacky Liu, CEO, CALB (HK) Co. Ltd.
In Presence Of: Shom Hinduja, President, Alternative Energy & Sustainability Initiatives, Hinduja Group.

3. Hinduja Group’s Commitment to Electrification

Investments span across:
- Electric Vehicles (EVs)
- Electric Mobility-as-a-Service (eMaaS)
- Charging infrastructure
- Vehicle financing & leasing
- Battery localization in India

4. Leadership Perspective on EV Future

Dheeraj Hinduja (Chairman, Ashok Leyland):
- Partnership with CALB is a major step toward local battery manufacturing in India.
- Will reduce dependency on fossil fuels and strengthen EV ecosystem.
Shenu Agarwal (MD & CEO):
- Initial focus: automotive sector batteries.
- Expansion: non-automotive applications like renewable energy storage.
- Plans for a Global Centre of Excellence for:
  - Battery materials research
  - Recycling & sustainability
  - Battery management systems (BMS)
  - Advanced manufacturing innovations

5. Impact on India’s EV & Energy Ecosystem

Boost to Ashok Leyland’s EV portfolio (including Switch Mobility).
Supply to non-captive demand across India’s automotive sector.
Critical for India’s Atmanirbhar EV battery push.
Will strengthen India’s position in green mobility & clean energy storage solutions.

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adminSeptember 3, 2025

1 minute read

admin

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