Suzuki To Set Up Rs 1,151-Cr Lithium-Ion Battery Plant In Gujarat
Auto Components India|October 2017

Suzuki Motor Corporation (SMC) is establishing a lithium-ion battery manufacturing project jointly with Toshiba Corporation and Denso with a proposed investment of $180 million (Rs 1,151 crore), at its Hansalpur plant in Gujarat. Suzuki will hold 50%, Toshiba 40%, and Denso 10% in the new project.

Suzuki To Set Up Rs 1,151-Cr Lithium-Ion Battery Plant In Gujarat

SMC Chairman Osamu Suzuki said, “The batteries that we are going to manufacture in this plant will be sold in India and exported. This facility is being set up as part of our commitment to Make In India.” He also announced plans to set up a third plant in Gujarat investing Rs 3,800 crore. This would take the net investment in Hansalpur to Rs 13,400 crore.

This is the first time a major original equipment manufacturer (OEM) is investing to make lithium ion batteries, which are critical for electric and hybrid vehicles. This would pave the way for making affordable electric powertrain by reducing the battery price. Lithium ion batteries are largely imported, and Maruti itself imports them for its Ciaz hybrid.

هذه القصة مأخوذة من طبعة October 2017 من Auto Components India.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة October 2017 من Auto Components India.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

المزيد من القصص من AUTO COMPONENTS INDIA مشاهدة الكل
U.S. COMMERCE DEPARTMENT ISSUES PRELIMINARY DECISION ON TURKISH BRAKE DRUM SUBSIDIES
Auto Components India

U.S. COMMERCE DEPARTMENT ISSUES PRELIMINARY DECISION ON TURKISH BRAKE DRUM SUBSIDIES

On December 06, 2024, the U.S. Department of Commerce announced a preliminary affirmative determination in the Countervailing Duty (CVD) investigation concerning certain brake drums imported from the Republic of Türkiye as per The Brake Report.

time-read
3 mins  |
December 2024
BHARAT MOBILITY GLOBAL EXPO 2025 THE COMPONENTS SHOW PREVIEW
Auto Components India

BHARAT MOBILITY GLOBAL EXPO 2025 THE COMPONENTS SHOW PREVIEW

The Bharat Mobility Global Expo 2025, slated for January 17-22, is ready to dazzle the world with its expansive and innovative display of automotive and mobility solutions, writes Ashish Bhatia.

time-read
2 mins  |
December 2024
INTELLIGENT TRAILERS
Auto Components India

INTELLIGENT TRAILERS

Today's trailer customers enjoy access to a complete range of integrated solutions, writes Ashish Bhatia.

time-read
5 mins  |
December 2024
UNLOCKING THE POTENTIAL OF USED EVS IN INDIA'S GROWING EV MARKET
Auto Components India

UNLOCKING THE POTENTIAL OF USED EVS IN INDIA'S GROWING EV MARKET

India's EV market, valued at USD 2 billion, is on the fast track to becoming the third largest globally by 2025. However, maintaining this momentum will depend heavily on developing a robust second-hand EV market

time-read
4 mins  |
December 2024
SAPIENCE HARNESSES AI FOR ROAD SAFETY
Auto Components India

SAPIENCE HARNESSES AI FOR ROAD SAFETY

Sapience Automata is banking on Al-driven ADAS innovations to curb accidents, and improve fleet efficiency, writes Upendra Kasbekar.

time-read
4 mins  |
December 2024
TRAFFIC SURVEILLANCE SOLUTIONS
Auto Components India

TRAFFIC SURVEILLANCE SOLUTIONS

CP Plus is offering innovative traffic surveillance solutions to enhance on-road safety. writes Richa Tyagi.

time-read
5 mins  |
December 2024
LEGACY BRAND RENEWED PURPOSE
Auto Components India

LEGACY BRAND RENEWED PURPOSE

As Godrej Enterprises Group celebrates its 127th anniversary, the company unveiled a bold vision to chart a sustainable and innovative path forward, writes Ashish Bhatia.

time-read
3 mins  |
December 2024
GLOBAL AUTOMOTIVE SOLUTIONS
Auto Components India

GLOBAL AUTOMOTIVE SOLUTIONS

Raghavan Sampath, Director of Business Development, India Business Development Division at MediaTek, shared the company's strategic approach of offering global automotive solutions, with Richa Tyagi.

time-read
2 mins  |
December 2024
SOUTH KOREAN BATTERY MAKERS' DECLINING SHARE
Auto Components India

SOUTH KOREAN BATTERY MAKERS' DECLINING SHARE

Three South Korean electric vehicle battery makers saw their combined global market share fall from a year earlier in the first 10 months of 2024 amid robust growth of Chinese rivals, industry data showed on Monday.

time-read
1 min  |
December 2024
UNO MINDA GPT-ENABLED MUSIC SYSTEM
Auto Components India

UNO MINDA GPT-ENABLED MUSIC SYSTEM

Uno Minda Ltd. has introduced India’s first GPT-enabled Android music system, the WTUNES-464DN-GPT, revolutionizing the in-car experience.

time-read
1 min  |
December 2024