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Ashok Leyland Auto
Commercial vehicle maker Ashok Leyland on Monday said it will invest Rs 5,000 crore over the next ten years in the development of next-generation batteries for both automotive and non-automotive applications, including energy storage systems. The initiative will not only provide for the company's and its subsidiary Switch's own electric vehicle portfolio but will also cater to non-captive demand in the entire automotive sector, as well as in the energy storage sector, the Hinduja group flagship said in a statement. This business would entail investments of more than Rs 5,000 crore over the next 7-10 years, it added. The company said it has entered into a long-term exclusive partnership with CALB Group, one of the foremost battery technology companies in China. "Ashok Leyland is deeply committed to shaping the future of sustainable mobility in India in full alignment with the government's vision. Our strategic partnership with CALB is a significant step towards creating a localised
The medium and heavy commercial vehicles segment in India is expected to grow in the single digit this fiscal, recovering from a decline of 3 per cent in FY25, a top official of Ashok Leyland said on Tuesday. The Chennai-based firm is planning to grow ahead of the industry this year and is focusing on expanding its presence in North India, the largest market for commercial vehicles (CVs), Sanjeev Kumar, President - M&HCV at Ashok Leyland Ltd, told reporters here. "When you look at last year, the industry volume came down by 3 per cent. Our understanding is that this is the fourth year running. "If you look at the CV industry, generally it stays good for three years, and then itgoes through a downtrend. So we expect the industry to grow, at least in single digit," he said when asked about the industry outlook. The industry growth is expected to be driven by the government investment in infrastructure and tailwinds such as the good performance of core industries, Kumar said. On the
Ashok Leyland, the flagship company of Hinduja group, has recorded a 5 per cent rise in its sales of trucks, buses and light commercial vehicles, in domestic and overseas markets in May by selling 15,484 units, the company said on Monday. The city-headquartered heavy commercial vehicle major had retailed 14,682 units in the same segment in the same month of last year. In the domestic market, the total vehicle sales in May 2025 grew by around 5 per cent to 14,534 units from 13,852 units sold in the same month of last year. The cumulative sales till May during this fiscal remained flat at 28,905 units, as against 28,953 units sold in the same period (April-May) of last year. Sales of medium and heavy commercial vehicles in domestic and overseas markets grew by around 11 per cent in May 2025 to 10,282 units, as compared to 9,243 units sold in the same month of last year. The cumulative sales of medium and heavy commercial vehicles, in domestic and overseas markets in April, May this