Ashok Leyland to Pump ₹1,000 Crore into EV, Battery and Alternate Fuel Growth in FY27.

Ashok Leyland plans to invest between ₹800 crore and ₹1,000 crore in FY27 to strengthen its presence in battery manufacturing, electric mobility and alternate-fuel technologies, broadly maintaining the investment pace of ₹1,050 crore in the previous fiscal while shifting its focus from asset creation to commercial deployment.

The company will channel the investment towards expanding its electric vehicle ecosystem, with a key focus on scaling battery manufacturing and accelerating the adoption of alternative propulsion technologies.

“We are expanding our footprint across the entire EV ecosystem to better serve this fast-emerging market and will invest around ₹1,000 crore in FY27,” a senior company official told businessline.

A major priority for the year is Ashok Leyland’s battery-pack manufacturing facility in Tamil Nadu, which is expected to reduce reliance on imported battery systems, improve supply-chain resilience and lower the cost of electric commercial vehicles as production volumes rise.

The investment underscores the company's strategy to deepen localisation, strengthen its EV value chain and position itself for the growing demand for electric commercial vehicles in India.