Prime Minister Narendra Modi will lay the foundation stone of Japanese carmaker Suzuki’s electric vehicle (EV) battery manufacturing plant in Gujarat on 28 August. He will launch the plant’s construction in an event organized to mark 40 years of Suzuki in India.
Suzuki is setting up the EV battery plant at Hansalpur in Gujarat with an investment of around INR 7,300 crore (around $914 million). The plant, Suzuki Motor Gujarat, will manufacture advanced-chemistry cell batteries for EVs.
Suzuki arm Maruti Suzuki is a leading carmaker in India. It plans to introduce electric vehicles in the Indian market by 2025. Suzuki’s investment in the battery plant in Gujarat is part of the plan.
In all, Suzuki has committed to invest around INR 10,400 crore ($1.3 billion) for manufacturing EVs and batteries in the Suzuki Motor Gujarat plant. This will be Suzuki’s second EV battery initiative in India after TDS Lithium-Ion Battery Gujarat (TDSG), which it set up in Gujarat in collaboration with Toshiba and Denso. TDSG is India’s first lithium-ion battery manufacturing plant with cell-level localization. It supplies lithium-ion battery packs for Maruti Suzuki smart hybrid vehicles.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: email@example.com.