India's Ashok Leyland to spend over $571 million for EV battery production

Ashok Leyland

01/09/2025 08:15

Sept 1 (Reuters) - Indian automaker Ashok Leyland ASOK.NS plans to invest over 50 billion rupees ($571.4 million) over the next 7-10 years to localise EV battery production in partnership with China's CALB 3931.HK, one of the world's largest battery makers for EVs, it said on Monday.

($1 = 87.5060 Indian rupees)

 (Reporting by Nandan Mandayam in Bengaluru; Editing by Mrigank Dhaniwala)

 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))