Chennai, Sept. 1 -- CV makers Ashok Leyland, the Indian flagship of the Hinduja Group, today announced its plans to invest in development and manufacturing of next-generation batteries, for both automotive and non-automotive applications, including energy storage systems, entailing an investment of more than Rs 5,000 crore over the next 7-10 years.
This reinforces the company's ambition to be a leading player in creating an electrification ecosystem in the country, in alignment with Government's vision of creating a sustainable and green economy.
In the backdrop of improving bilateral relations, it has entered into a long-term exclusive partnership with CALB Group, one of the foremost battery technology companiesin China, a company statem...