Latest News
- Top 10 Used Bikes to Kickstart Your Riding Journey
- Suzuki Swift Hatchback Scores 4 Star Safety Rating At JNCAP – ADAS, New Engine & More
- Porsche Introduces Macan EV In India, Expanding Electric Portfolio
- Tata Motors To Manufacture Jaguar Land Rover Cars In Billion Dollar TN Plant - Report
- Ford Territory SUV Name Trademarked – Likely To Be Positioned Below The Everest SUV
- Jawa Yezdi Expands Mega Service Camps To 32 New Cities, Focusing On Tier-II And Tier-III Regions
- Sany India Introduces SKT105E: An Electric Dump Truck
- Force Gurkha 5-Door SUV – New Features, Dual Tone Interiors & More
- Hyundai Verna Tops Sales Chart In India's Mid-Size Sedan Segment
- India's Elections Trigger Airfare Surge in Tamil Nadu
India's First Lithium-Ion Battery Plant To Be Setup And Ready By 2020
Suzuki-Toshiba has laid the foundation stone for India's first lithium-ion battery manufacturing plant in Gujarat.
Suzuki Motor Corporation, the parent company of Maruti Suzuki, has laid the foundation stone for India's first lithium-ion battery manufacturing plant along with an expansion of capacity in its Hansalpur plant in Gujarat.
Japanese Prime Minister Shinzo Abe and India's PM Narendra Modi officially inaugurated Suzuki Motor Gujarat's manufacturing plant for cars and engines in Hansalpur and laid the foundation stone for India's first lithium-ion battery plant.
The lithium-ion battery plant is being set up jointly between Suzuki Motor, Toshiba and Denso to produce electric and hybrid cars in India for global use. Suzuki Motor Corporation along with Toshiba and Denso has earmarked Rs 1,137 crore for the lithium-ion battery manufacturing plant which is expected to be ready by 2020.
Toshiba will supply cell modules, while Denso will contribute its expertise by sharing the technology platform. The joint venture sees the equity stake split between Suzuki (50 percent), Toshiba (40 percent) and Denso (10 percent).
The plant will manufacture and supply the Electric Vehicle (EV) batteries to the Suzuki plant in Gujarat which will in turn manufacture EVs and Hybrids cars for export. With India ready to switch to EVs by 2030, Suzuki will immensely gain from this plant.
DriveSpark Thinks!
Maruti Suzuki holds more than 50 percent market share in India's passenger vehicle segment, now along with India's first lithium-ion battery manufacturing plant, the Indo-Japanese will benefit in producing new EVs and has all the potential to lead the EV segment in India.