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Ashok Leyland plans to invest $670 million to manufacture batteries for electric vehicles in India.
Ashok Leyland, an Indian commercial vehicle company, plans to invest ₹5,000 crore ($670 million) over 7-10 years to manufacture batteries for electric vehicles and energy storage systems.
The company, part of the Hinduja Group, has partnered with China's CALB Group to develop and produce next-generation batteries, aiming to boost India's electric vehicle market and reduce fossil fuel dependence.
Ashok Leyland will also establish a Global Centre of Excellence for battery R&D.
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Ashok Leyland tiene previsto invertir 670 millones de dólares para fabricar baterías para vehículos eléctricos en la India.