India’s First Lithium-Ion Battery Unit in Gujarat

Posted on:16 Sep 2017 15:18:11
India’s First Lithium-Ion Battery Unit in Gujarat
16 September 2017 Current Affairs: Suzuki Motor invest more than Rs 1,150 crore along with Japanese partners Toshiba and Denso to set up India's first lithium-ion battery facility in Gujarat.

The announcement by the parent of the country's largest carmaker, Maruti Suzuki is a major boost to the government's ambitious vehicle electrification and Make in India initiatives.

It will hold half the stake and meanwhile, Toshiba will own 40% and Denso the remaining 10%.

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