Manufacture of acid batteries is a growing need as more and more automobile manufacturers are opting for alternate sources. The Indian Government and Prime Minister has made intentions clear to boost local manufacturer in the country.
Now Panasonic plans to setup a factory that will manufacture acid batteries for automotive purposes. Their plan is to setup a new facility in India and join the ‘Make in India' brigade. The Japanese manufacturer knows this is a growing industry and will be trusting India heavily on their new project.
Currently Panasonic has entered into a joint venture for a battery manufacturing facility. They have tied up with Uno Minda and their factory will be ready by September, 2015. The Japanese company has promised that they will also be keen on exploring other avenues.
Currently the India is not a major manufacturer of automotive batteries. We contribute only two percent of the entire manufacture and it is expected that by 2018 India will contribute to 30 percent of total manufacture of acid batteries.
India is expected to be a booming country for manufacturing facilities from all over the world. Panasonic want to capitalise early and will surely get a head-start in their direction forward. This move has been confirmed by Manish Sharma, Managing Director, India and South Asia, Panasonic.
The manufacturer of acid batteries in India could get down the prices of electric vehicles considerably. More and more manufacturers are looking at opportunities to setup their own facility in India. Panasonic not only plans to inaugurate an acid battery manufacturing facility, they are also looking at other options.