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.
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.
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