Archive · 3 Sep 2025
Ashok Leyland Plans Battery Investment, Emkay Global Raises Target
Ashok Leyland, a company making trucks and buses, is planning to invest a lot of money in making batteries for electric vehicles.
They want to spend about Rs 300-600 crore in the next few years to do this.
The goal is to make their own battery packs in India by 2027 and sell them for different types of vehicles.
They are working with a Chinese company called CALB to get the technology.
This should help them save money and be a leader in the electric vehicle market.
A financial firm, Emkay Global, thinks this is a good move and increased the target price for Ashok Leyland shares, showing confidence in the company's plans.
Ashok Leyland plans a significant investment in the battery ecosystem.
The company aims to localize battery pack manufacturing in India by 2027.
A partnership with CALB supports the battery localization strategy.
Emkay Global raised the target price for Ashok Leyland to Rs 150.
The investment aims to boost EV capabilities and achieve net-zero targets.
- Who
- Ashok Leyland (AL) and Emkay Global
- What
- AL is investing in the battery ecosystem and Emkay Global raises target price.
- When
- Over the next 2-3 years; by first half of 2027 (localization).
- Where
- India
- Why
- To enhance EV capabilities, achieve net-zero targets, and gain cost control.
- Investment Amount
- Rs 300-600 crore in 2-3 years; Rs 50 billion over a decade
- Net-Zero Target
- By 2048
- Battery Localization Goal
- By first half of 2027
- Partnership
- CALB (Chinese new energy solutions provider)
- Target Price (Emkay Global)
- Rs 150 (from Rs 140)
- Rating (Emkay Global)
- 'BUY'
- Captive Battery Demand
- Estimated 4-6 GWh over 4-5 years