Suzuki To Brings Rs 50,000 crore EV Battery Plant To Gujarat

Suzuki has partnered with Toshiba and Denso to set up a plant for lithium-ion batteries and electrodes

Claimed to be the biggest lithium-ion battery manufacturing unit in the world, Japanese majors Suzuki Motors, Toshiba and Denso are all set to invest Rs 30,000 crore to 50,000 crores in a phased manner over eight years. The plant will come up near Hansalpur in Gujarat.

The decision to set up a lithium-ion battery and electrode manufacturing facility appears to be a move to tap the huge potential market in India. The Indian government has already announced its intent to shift to 100 percent electric cars by 2023.

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While Suzuki is an automobile giant, Toshiba is a conglomerate in providing diverse services in information technology, communications equipment, and system. Denso is a leader when it comes to supplying advanced automotive technology, systems, and components for major automakers.

According to a confirmed report from a state government official, Suzuki will be leading the partnership and the investment will be divided in the proportion of 50:40:10 between Suzuki, Toshiba, and Denso.

The proposed investment by the Suzuki-led consortium is in addition to Suzuki’s current and future investment in its hybrid car plants. Suzuki has invested more than Rs 8,000 crore in its Gujarat plant so far.