Ashok Leyland Partners with CALB to Manufacture Batteries for EVs, Stock Gains 2.85%

Chennai, September 2, 2025: Stocks of Ashok Leyland Ltd (NSE: ASHOKLEY, BSE: 500477) rose 2.85% to ₹131.68 in Tuesday’s trading after the firm revealed a strategic entry into the battery manufacturing business. The stock reached an intraday high of ₹132.79, just short of its 52-week high of ₹134.31, before declining marginally.

The stock opened at ₹128.71, with a daily range of ₹128.46–₹132.79. The company’s market capitalisation stands at around ₹78,390 crore. Over the past 52 weeks, it has traded between ₹95.93 and ₹134.31. Currently, it has a P/E ratio of 23.93 and offers a dividend yield of 2.39%, with a quarterly dividend of ₹0.78 per share.

Strategic Tie-up with CALB Accelerates EV Battery Production for Automotive and Energy Storage

Ashok Leyland has partnered with CALB (HK) Co. Ltd., a world-leading new energy technology company, for a long-term exclusive tie-up in developing and manufacturing batteries for automotive and non-automotive use, such as energy storage systems.

The September 1, 2025, agreement is not a related party transaction, and details of the consideration are yet to be finalized. The step is taken to serve the increasing needs of electric vehicles (EVs), both captive and outside customers.

Management Hails Battery Tie-up as Strategic Move to Boost EV Adoption and Global Energy Storage

While making its disclosure, the firm indicated that the alliance will offer strategic synergies in battery production to keep pace with EV adoption patterns in India and across the world. Ashok Leyland emphasized the advantages of diversifying into the energy storage space, where it will enhance its presence beyond the traditional commercial vehicles.

With the s͏trategic tie-͏͏up with ͏CALB, Ash͏ok Leyl͏and ͏i͏s͏ ͏pos͏itioning itse͏lf at the͏ forefront of the E͏͏V b͏atte͏ry ͏and energ͏y stora͏ge market. The mo͏v͏e͏ strengthe͏ns its l͏on͏g͏-t͏erm ͏gro͏w͏͏th͏ p͏rospec͏͏ts,͏ at͏tracts in͏ves͏tor ͏con͏fidence reflected in͏ ͏t͏h͏e 2.85% ͏sto͏ck gain, and signals a signific͏ant step to͏wards ͏exp͏͏and͏ing its foot͏pr͏int͏͏ beyond ͏commercial ve͏hicl͏es into the͏ r͏apidl͏y growing͏ global elect͏ric mobility͏ ec͏osy͏ste͏m.

REF: https://nsearchives.nseindia.com/corporate/ASHOKLEY_01092025200526_44ALCALBRe30intimationSA.pdf

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