 "File photo of an automotive lithium-ion battery. Photo: Reuters")
In an indication of future plans to introduce electric mobility in its biggest market, Suzuki Motor Corporation (SMC), the parent company of Maruti, said it would invest Rs 1,200 crore in setting up facilities to produce automotive lithium-ion battery packs in India. The investment will be made through a joint venture with Toshiba and Denso. SMC will have a 50 per cent equity in the project while the two partners will have 25 per cent each. Further investments will be done as and when required.
The automotive batteries find application in electric vehicles. India does not have any significant manufacturing of
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