Japanese majors Suzuki Motors, Toshiba and Denso have formed a consortium to set up a plant for manufacturing lithium-ion batteries and electrodes in Gujarat.
The plant will come up near Hansalpur in Gujarat. The proposed lithium-ion battery plant will be the biggest in the world, claimed sources in the know.
Although the investment figures have not been disclosed yet, it has been learnt that the consortia is likely to invest Rs 30,000 crore to Rs 50,000 crore in a phased manner over eight years. The investment will depend on growing worldwide demand for electric vehicles, sources said.
Japanese majors Suzuki Motors, Toshiba and Denso have formed a consortium to set up a plant for manufacturing lithium-ion batteries and electrodes in Gujarat.
The plant will come up near Hansalpur in Gujarat. The proposed lithium-ion battery plant will be the biggest in the world, claimed sources in the know.
Although the investment figures have not been disclosed yet, it has been learnt that the consortia is likely to invest Rs 30,000 crore to Rs 50,000 crore in a phased manner over eight years. The investment will depend on growing worldwide demand for electric vehicles, sources said.
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