Indian Prime Minister Narendra Modi and his counterpart from Japan Shinzo Abe have inaugurated the Suzuki Motor Gujarat Private Limited's vehicle manufacturing facilities and lithium ion battery manufacturing facility in Hansalpur in the state of Gujarat.
Motown India had reported on April 14, 2017 that Suzuki of Japan along with Toshiba and Denso would be setting up a manufacturing facility for lithium ion batteries in the state fo Gujarat.
CLICK HERE TO READ REPORT ON SUZUKI LITHIUM ION PROJECT
Japan’s Suzuki Motor Corporation, Toshiba Corporation and Denso Corporation had recently signed an agreement to establish a joint venture company for production of automotive lithium-ion battery packs in India.
The joint venture company will have an initial capital expenditure of 20 billion Japanese yen (Rs 1185 crore approx.). The joint venture company will be capitalised at 2 billion Japanese yen, with the planned participation ratio of Suzuki 50%, Toshiba 40% and Denso 10% respectively.
The battery pack manufacturing joint venture by Suzuki Motor Corporation, Toshiba Corporation and Denso Corporation will realise 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.
The 2024 Mahindra Thar Roxx from Mahindra and Mahindra Ltd. is the first new passenger vehicle to feature Monroe OE Solutions passive dampers fitted with Tenneco’s Monroe Ride Refine Advanced Hydrauli...
Lanxess is offering a new solution for the rapidly growing battery industry. The Lewatit MK 51 ion exchange resin from Lanxess selectively removes boron from metal concentrates, thus enabling the extr...
Magenta Mobility, India’s leading sustainable logistics solutions provider, has developed and implemented NorMinc, an advanced IoT-powered vehicle management platform designed to transform fleet opera...