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Exide sees no "threat" from Suzuki's lithium-ion battery plans

Press Trust of India  |  Kolkata 

Industries Ltd, India's largest automotive battery maker, sees no "major threat" from Japanese Motor Corp's proposed plant in

The facility will make lithium-ion batteries for in domestic and international markets, and will be set up jointly by Suzuki, and Denso at a proposed investment of USD 180 million.

"We don't foresee any major threat. The batteries are meant for engines, which is only a small part of the total battery requirement of a vehicle. Lead acid batteries would continue to be used for others parts like doors and windows," sources at Industries told

Lithium-ion batteries are also costly compared to lead acid batteries, which will likely limit their use in a price-sensitive market like India, they said.

Industries is a leading player in the OEM automotive battery segment, with about one-third of its revenue coming from OEM and institutional sales, while the rest from the

It has an annual capacity to produce about 42 million units of automotive and motorcycle batteries.

The Kolkata-based company is itself working on foraying into the market for electric vehicles and other in collaboration with a Swiss firm.

Exide Industries plans to initially source cells for the lithium-ion batteries, and at a later stage, look at manufacturing, which would require an investment of Rs 800 crore, had recently said.

He said the company is at the same time working to develop batteries that would consume lesser lead, a key but costly input.

"We are jointly developing bi-polar lead acid batteries with US-based Concept (ABC). This will be a and consume 30 per cent less lead than current batteries," Chatterjee said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sun, August 05 2018. 16:45 IST