Suzuki in partnership with Toshiba and Denso has signed a Joint Venture to form a company to manufacture automotive lithium-ion batteries in India.
Explaining the move, Suzuki said the joint venture aims to achieve stable supply of lithium-ion battery packs in India and contribute to government’s ‘Make in India’ initiative.
Maruti Suzuki will consist of 50 percent share in the joint venture, Toshiba will have 40 percent and Japanese automotive components manufacturer Denso will have 10 percent participation.
Maruti Suzuki will consist of 50 percent share in the joint venture, Toshiba will have 40 percent and Japanese automotive components manufacturer Denso will have 10 percent participation.
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