Suzuki Motor Corp, Denso Corp and Toshiba are set to start commercial production of the lithium-ion cell at their joint venture (JV) unit by December, said a person aware of the company's plans. The development brings Suzuki's India subsidiary, Maruti Suzuki closer to the plans of introducing new technology vehicles, including hybrid and battery electric vehicles by 2025.
The lithium-ion cell manufacturing unit was set up as a 50:40:10 JV among the three companies in 2017 with an investment of Rs 1,250 crore. It's the largest lithium-ion cell manufacturing plant in India. The joint venture is also expected to receive sops under the government’s production linked incentive (PLI) scheme for advanced chemistry cell (ACC) manufacturing in India.
Lithium-ion cells are the most critical part of an EV. Most EV makers currently buy batteries and cells from China, the world’s largest producer of Li-ion cells. In addition to
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