Exide Industries Ltd on Saturday said its JV plant with Switzerland-based Leclanche SA in Gujarat will be operational by December.
The company had last year entered into a joint venture (JV) with the European firm for manufacturing lithium-ion batteries for electric vehicles.
"About Rs 100 crore has so far been invested in the facility and an equal amount will be pumped in within March," Exide Industries MD and CEO G Chatterjee told reporters here.
He said the JV is initially for installing three assembly lines in the facility for manufacturing different types of products.
Of the three, a battery pack assembly line is expected to be operational by the third quarter of the 2019-20 fiscal.
"Two other assembly lines will be ready by March," Chatterjee said on the sidelines of the company's 72nd annual general meeting.
The JV will focus on e-transport and fleet vehicles.
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