India’s first Lithium-Ion battery unit to set up in Gujarat
India’s first lithium-ion battery facility will be set up by Japanese automobile giant Suzuki Motor Corporation (SMC) at Hansalpur in Gujarat. The new plant will make lithium-ion batteries for hybrid car models to be sold in domestic and international markets.
The facility will be set up jointly by Suzuki, Toshiba Corporation and Denso with a proposed investment of $180 million. Suzuki made this announcement during the 12th India-Japan Annual Summit at Mahatma Mandir in the presence of Prime Minister Narendra Modi and his Japanese counterpart Shinzo Abe.