Ashok Leyland Partners with CALB to Venture into Battery Manufacturing

Strategic Insights -

Ashok Leyland, a leading Indian auto manufacturer and part of the Hinduja Group, has formed a strategic partnership with CALB, the world's seventh-largest battery supplier to the EV industry. As part of this new partnership, Ashok Leyland plans to invest Rs 5,000 crore in the battery manufacturing space over a period of 7-10 years. The company aims to not only strengthen its own electric vehicle portfolio but also expand its presence in the non-auto battery storage space.

Key Takeaways:

  • Ashok Leyland is investing Rs 5,000 crore in the battery manufacturing space over 7-10 years to strengthen its electric vehicle portfolio and expand in non-auto battery storage.
  • The initial phase of production will focus on the automotive sector, with a gradual expansion to the non-automotive sector.
  • A Global Centre of Excellence will be established to foster innovation in battery materials, recycling, battery management systems, and advanced manufacturing processes.
  • In August 2025, Ashok Leyland sold a total of 15,239 vehicles, with a 2% YoY increase in domestic sales to 13,622 units.
  • The company's medium and heavy segment saw a good 8% YoY sales growth, while the light commercial vehicles segment grew by only 1% YoY.
  • Ashok Leyland's share price has gained about 6% in the last 15 days, with a 0.64% increase on September 1.

Statistics:

  • Rs 5,000 crore - the investment Ashok Leyland plans to make in the battery manufacturing space over 7-10 years.
  • 15,239 - the total number of vehicles sold by Ashok Leyland in August 2025.
  • 13,622 - the total domestic sales of Ashok Leyland in August 2025, with a 2% YoY increase.
  • 6,738 - the total number of trucks sold by Ashok Leyland in the medium and heavy segment in August 2025.
  • 2,643 - the total number of buses sold by Ashok Leyland in the medium and heavy segment in August 2025.
  • 5,858 - the total number of light commercial vehicles sold by Ashok Leyland in August 2025.
  • 8% - the YoY sales growth in the medium and heavy segment for Ashok Leyland in August 2025.
  • 1% - the YoY sales growth in the light commercial vehicles segment for Ashok Leyland in August 2025.

Sources:

  • "Ashok Leyland: Aug' 25 Sales" - Exchange Update, September 1, 2025.
  • "Ashok Leyland to invest Rs 5,000 cr in battery business" - IE Online Media Services Pvt. Ltd., Copyright 2025.
  • "Ashok Leyland share price up 6% in 15 days" - IE Online Media Services Pvt. Ltd., Copyright 2025.