Show Quick Read Summary is AI-generated, newsroom-reviewed

Ashok Leyland Ltd., the Hinduja Group’s flagship and India’s second-largest commercial vehicle maker, has struck a long-term partnership with China’s CALB Group to build domestic capabilities in lithium-ion batteries. This tie-up, spanning 20 years, is central to its ambition of gradually mastering cell technology and reducing dependence on imports, according to the company.

Initially, Ashok Leyland will import cells from CALB and assemble them into battery packs in India before moving towards localized design and manufacturing.

“We are not really an EV player if 70% of the components come from outside,” said Shenu Agarwal, Managing Director & CEO of Ashok Leyland, told Bloomberg, adding, “Our approach is deliberately cautious.

See Full Page