NDTV Profit
Home | Auto |

Suzuki To Start Lithium-Ion Battery Production In India

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

"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



(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

For latest news on Business, like us on Facebook and follow us on Twitter.
ALSO READ Diageo Asks Vijay Mallya To Return $40 Million, Seeks Compensation

Advertisement

Advertisement

GAINERS / LOSERS