Archive · 2 Aug 2026
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.
Ashok Leyland plans ₹800‑1,000 crore investment in FY27 for battery manufacturing, EVs, and alternate fuels.
Focus on building a battery‑pack plant in Tamil Nadu to reduce import dependence and improve economics.
Company exploring battery‑as‑a‑service, swapping, and megawatt‑scale charging to accelerate EV adoption.
FY26 revenue hit ₹44,007 crore, with net cash ₹5,899 crore, enabling the investment push.
Ashok Leyland also expands LNG, CNG, and hydrogen platforms while targeting ASEAN and Gulf markets.
- Who
- Ashok Leyland and its subsidiaries
- What
- Investment of ₹1,000 crore in battery manufacturing, EVs, and alternate fuels
- When
- FY27
- Where
- India (Tamil Nadu, Chennai-Bengaluru corridor) and international markets such as ASEAN and Gulf
- Why
- To scale EV production, reduce import dependence, improve fleet economics, and expand market share
- Investment amount
- ₹1,000 crore
- FY
- FY27
- Battery plant location
- Tamil Nadu
- FY26 revenue
- ₹44,007 crore
- Net cash
- ₹5,899 crore