India, Sept. 1 -- Ashok Leyland, the flagship of the Hinduja Group and one of India's largest commercial vehicle makers, announced plans to invest over ?5,000 crore in developing and manufacturing next-generation batteries for automotive and non-automotive applications, including energy storage systems. The investment will be spread over the next 7–10 years and aligns with the government's vision of building a sustainable, green economy.
As part of this initiative, Ashok Leyland has entered into a long-term exclusive partnership with China-based CALB Group, a leading global battery technology company. The agreement was signed by Shenu Agarwal, MD & CEO of Ashok Leyland, and Jacky Liu, CEO of CALB (HK) Co. Ltd, in the presence of Shom...