Ashok Leyland to Invest ₹1,000 Crore in EV Expansion

Ashok Leyland, a big Indian truck maker, wants to spend about 1,000 crore rupees next year to make more electric trucks and batteries.

They plan to build a new battery factory in Tamil Nadu so they don't have to buy batteries from other countries.

The company is also looking at ways to let truck drivers swap batteries or use battery-as-a-service, so they pay less upfront.

In 2026, Ashok Leyland made a record 44,007 crore rupees in sales and has enough cash to invest.

They also want to grow their electric trucks in places like Southeast Asia and the Gulf region.