Suzuki Motor Corporation, the parent company of Maruti Suzuki, and Denso along with Toshiba will jointly invest USD 180 million (Rs 1,135 crore) for setting up a battery pack ( Lithium-ion) manufacturing plant in Gujarat that will start production in 2020.
This will be India’s first lithium-ion battery manufacturing plant. It will cater to Maruti Suzuki as well Toyota’s range of electric vehicles of the future
. The battery packs will be sold to other original equipment manufacturers, too.
Suzuki to make electric and hybrid cars in India for exports initially.
The lithium-ion battery manufacturing plant will manufacture and supply EV batteries to the Suzuki plant in Gujarat, which will manufacture electric and hybrid cars for exports. Given the heightened focus on all-electric mobility in India by the year 2030, Maruti Suzuki India will gain sizeably from this all-Japanese JV
Chairman of Suzuki Motor Corporation:
the battery making facility will not just cater to the Indian market but will address the needs of overseas markets as well. The battery packs will also be used for hybrid cars as well.
The battery plant is housed within the mega car making facility owned by Suzuki which at present makes 250,000 units every year. Investment is being made for increasing this capacity to 750,000 units a year through three plants. A fourth plant is also under discussion taking the total eco-capacity to 1 million from the Gujarat production site. Link