Ashok Leyland forays into battery manufacturing with Rs 5,000 crore investment
Ashok Leyland, a top automaker, is investing Rs 5,000 crore to enter battery production, boosting their electric vehicle range and entering the non-auto battery market. They have collaborated with CALB and aim to establish a Global Centre of Excellence for R&D. In August 2025, the company saw a 2% rise in domestic sales and a 6% increase in share price.