Suzuki-led JV to invest $517m in second phase of Indian lithium-ion factory

Japanese joint venture Automotive Electronics Power Private Limited (AEPPL) will invest Rs 37.15 billion in the second phase of its lithium-ion battery production facility at Hansalpur, in the Ahmedabad district of Gujarat. The joint venture set up by Suzuki Motor, Toshiba and Denso will commit the investment over 2021 and 2025, following a first-phase outlay of Rs 12.5 billion to finance production lines for battery packs and modules by end-2020. AEPPL aims to expand plant output to 30 million cells per year by 2025.

GET ACCESS TO OUR ARTICLES

Enter your email address