Ashok Leyland to invest up to Rs 5,000 crore in EV and ADAS push
Ashok Leyland plans Rs 4,000-5,000 crore capex over the next three years, targeting EV, ADAS and alternate propulsion. It cites revenue growth to Rs 44,000 crore in FY26, driven by expanding non-truck businesses and higher EBITDA margins to 13%. The company also plans a Saudi plant funded by UAE JV profits and reports power solutions revenue doubling.