STOCKMARKET360

ATTENTION 100% FREE LIVE TIPS & RECCOMENDATIONS. GET 100% LIVE FUNDAMENTAL & TECHNICAL RESEARCH ON INDIAN STOCK MARKET. COMMODITIES,FOREX MARKET, FREE TIPS

Maruti Suzuki setting up factory for Lithium-Ion battery in Gujarat

Over the previous week, there has been a great deal of talk on policy changes as time goes on. Nitin Gadkari, the Minister for Road Transport said that all organizations should move towards electric autos and that they would not have a decision. It would appear that that has set the ball moving for every one of the manufacturers.

Maruti (Suzuki Motor Corporation) has chosen to set up a lithium ion battery plant in Gujarat as a team with Toshiba and Denso. The plant that will most presumably be setup close Hansalur, the zone which as of now has the organization’s Gujarat office, will be possessed by Suzuki Motor Corporation and will be the organization’s first completely owned unit.

The declaration was made in April this year that a 1,200 crore plant would have been setup in India, however the area wasn’t affirmed. The organization now has a JV with Toshiba and Denso for stable supply of lithium ion battery packs in the nation.

Here is the thing that RC Bhargava, Chairman of Maruti has stated:-

In the Gujarat office which Suzuki has set up, the first line of 2.5 lakh units has been already been commissioned. Work is going ahead in the second and third lines that will expand the Gujarat plant ability to 7.5 million units in a few years. The fourth line of comparative limit is as of now under close review and survey.

The company has already begun to look into the electric car market. Electric cars are planned, however the new models will be based on customer preference, so that they can be present in all the segments to provide better choice for customers.

Maruti is additionally hoping to get the cross breed variant of the Swift, something that was seen in India surprisingly a couple of days back.

At present, just Mahindra Electric has full electric cars launched for sale in the market, with the E2O Plus and the e-Verito.

Leave a Reply

Your email address will not be published. Required fields are marked *

STOCKMARKET360 © 2017