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Saturday, 16 September 2017

India’s First Lithium-Ion Battery Unit in Gujarat

Suzuki Motor will 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. In the battery venture, Suzuki will hold half the stake, while Toshiba will own 40% and Denso the remaining 10%.

Important Takeaways from Above News-

  • Osamu Suzuki is the chairman of Suzuki Motor.
Source- The Economic Times

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