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