India’s First Lithium-Ion Battery Unit in Gujarat
September 16th, 2017
Suzuki Motor invest more than Rs 1,150 crore along with Japanese partners Toshiba and Denso to set up India’s first lithium-ion battery facility in Gujarat. The announcement by the parent of the country’s largest carmaker, Maruti Suzuki is a major boost to the government’s ambitious vehicle electrification and Make in India initiatives. It will hold half the stake and meanwhile, Toshiba will own 40% and Denso the remaining 10%.