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Suzuki To Start Lithium-Ion Battery Production In India

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Suzuki To Start Lithium-Ion Battery Production In India

The firms will spend $183.74 million to set up the plant.

Tokyo: Suzuki Motor Corp, Toshiba Corp and Denso Corp on Friday said they would form a joint venture to produce lithium-ion batteries for automobiles in India, where auto emission regulations are tightening to deal with pollution problems.

The three companies said in a joint statement that they would spend a total of 20 billion yen ($183.74 million) to set up the company, which would be formed this year.

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"The battery pack manufacturing joint venture by the three companies will realize stable supply of lithium-ion battery packs in India in the course of promoting sustainable cars in the country and will contribute to 'Make in India' initiative by the Indian government," they said.
© Thomson Reuters 2017


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