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The latest update is out from Ashok Leyland Limited ( (IN:ASHOKLEY) ).
Ashok Leyland has announced a significant investment in the development and manufacturing of next-generation batteries for both automotive and non-automotive applications, including energy storage systems. This move is part of a strategic partnership with China’s CALB Group and aims to establish a localized battery supply chain in India, supporting the country’s transition to electric vehicles. The investment, totaling over Rs. 5000 Cr, will span the next 7-10 years and is expected to bolster Ashok Leyland’s position in the sustainable mobility sector, reducing reliance on fossil fuels and fostering innovation in battery technology.
More about Ashok Leyland Limited
Ashok Leyland, a flagship company of the Hinduja Group, is a leading commercial vehicle manufacturer in India. The company focuses on producing a range of automotive products and is now expanding into the electrification ecosystem, aligning with the government’s vision for a sustainable and green economy.
Average Trading Volume: 560,311
Technical Sentiment Signal: Buy
Current Market Cap: 745.3B INR
See more data about ASHOKLEY stock on TipRanks’ Stock Analysis page.