Ashok Leyland to Invest ₹5,000 Crore in Battery Manufacturing
Ashok Leyland will invest ₹5,000 crore over 7–10 years with China's CALB to develop a local battery manufacturing ecosystem, enhancing EV production and energy storage capabilities.
Ashok Leyland Starts Construction of Electric Bus Plant in India
Ashok Leyland is building a new plant in Lucknow to produce electric buses, aiming to capture a share of India's growing market for electric vehicles amid government initiatives to reduce diesel bus fleets.
Ashok Leyland Increases Investment in EV Arm Switch Mobility
Ashok Leyland has announced a further investment of ₹537 crore in its electric vehicle (EV) arm Switch Mobility, following a previous investment of ₹1,200 crore in November 2023. The company's shareholding in Switch Mobility's holding company, Optare, has increased to 92.59%. The funds will be used for capital investment, research and development, and meeting operational obligations in the UK and India. Switch Mobility aims to extend its presence in India and other emerging regions while offering e-mobility solutions worldwide.