Ashok Leyland Signs Exclusive Deal with CALB for Next-gen Batteries

Ashok Leyland has formed a long-term exclusive partnership with CALB Group, a Chinese battery technology company, to jointly develop and manufacture next-generation batteries.

The flagship company of Hinduja Group has confirmed that it intends to invest ₹5,000 crore in the next 7-10 years to promote innovation in advanced battery solutions for automotive and non-automotive backgrounds, including energy systems.

The strategic 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 Hinduja, President of Hinduja Group.

"Our strategic partnership with CALB is a significant step towards creating a localised battery supply chain in India to accelerate adoption of electric vehicles in India and reduce our dependence on fossil fuels," Dheeraj Hinduja, Chairman, Ashok Leyland, said.

Also Read: MEMS Sensor Engineering: Driving Compact Precision for Next-Generation Vehicle Safety

The company will establish a Global Centre of Excellence for research and development, "fostering innovation in battery materials, recycling, battery management systems, and advanced manufacturing processes," company's CEO said.

The new facility is expected to support the electric vehicle portfolio of Ashok Leyland and Switch Mobility, and also cater for rising non-captive demand across the automotive industry and the growing energy storage market.

Ashok Leyland has a diverse portfolio which includes trucks with GTW (Gross Vehicle Weight) from 2T to 55T, and buses with a capacity of 9 to 80 passengers, and will seek to harness next-gen battery technology as a key driver of growth in the future.

This exclusive partnership with CALB Group is a major development in strengthening the battery ecosystem in India, as well as aligning with the global trends for sustainable mobility and energy solutions.