Ashok Leyland to Invest Rs 500 Cr in New Chennai Battery Pack Plant

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Ashok Leyland to Invest Rs 500 Cr in New EV Battery Pack Plant Near Chennai

Representational image (Image: News18)

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News18•11-03-2026, 17:15

Ashok Leyland to Invest Rs 500 Cr in New EV Battery Pack Plant Near Chennai

•Ashok Leyland will invest up to Rs 500 crore in a new greenfield battery pack manufacturing facility.
•The plant will be located at Pillaipakkam, near Chennai, with a groundbreaking ceremony already held.
•This investment is part of an earlier MOU and aims to strengthen India's domestic EV ecosystem.
•The facility will localize EV battery pack production, aligning with Tamil Nadu’s EV Policy 2023.
•It supports India's National Mission on Transformative Mobility and Battery Storage and net-zero emissions goal by 2070.

Read Full Article on News18 in English

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