Ashok Leyland partners with CALB for EV battery manufacturing

Ashok Leyland Limited has entered a long-term exclusive partnership with CALB (HK) Co. Ltd., a leading battery technology company. The agreement, dated September 1, 2025, focuses on the development and manufacturing of batteries for both automotive and non-automotive applications, including energy storage systems.

This strategic move aims to cater to the growing requirements of electric vehicles, serving both Ashok Leyland's captive needs and external markets. The collaboration is identified as a strategic partnership in the area of battery manufacturing, with CALB (HK) Co. Ltd. described as a global leader in new energy technology.

The agreement is not a related party transaction, and neither the promoter, promoter group, nor group companies have any interest in CALB (HK) Co. Ltd. Details regarding consideration paid or received are yet to be fully finalized.