Suzuki to setup lithium-ion battery factory in Gujarat

Japan's Suzuki Motor Corporation will be setting up a lithium-ion battery manufacturing unit in Gujarat. The factory will be built in Hansalpur near Ahmedabad. 

The lithium-ion battery plant is being setup in collaboration with Denso and Toshiba and is expected to start production by 2020. A total investment of Rs. 1,151 crore has been planned for this unit. Toshiba will manufacture the cell module using technologies developed by Denso. These batteries will be used in Suzuki's electric cars in the near future. 

The Japanese company also has a wholly-owned car plant in Gujarat with an annual production of 2.5 lakh units. The plant makes vehicles for its Indian joint venture - Maruti Suzuki India Ltd (MSIL). Suzuki Motor Corporation is also setting up a new car assembly unit - Plant B with an annual capacity of 2.5 lakh units which will begin operations by 2019. It is also planning Plant C with a similar capacity taking the total production capacity of the plant to 7.5 lakh units. Currently, MSIL, where Suzuki holds 56 per cent stake, can produce 15 lakh cars at its factory locations in Haryana.

Source: Economic Times