Suzuki Toshiba Electric will establish a joint venture in India to produce charging lithium batteries.

Suzuki Toshiba Electric will establish a joint venture in India to produce charging lithium batteries.

Suzuki said in a statement on April 14, 2017, “Sign Agreement”, the initial investment of the joint venture is approximately 20 billion yen (about $ 184 million). Suzuki cars said in the statement: “It is expected to establish the joint venture in 2017 and transfer to the manufacturing stage as soon as possible..

“The statement also added:” The company’s investment in the company will reach 20 billion yen (about $ 184 million), Suzuki, Toshiba and electric shareholding ratios are 50%, 40% and 10% respectively.. “This will be the first large joint venture company that focuses on manufacturing car lithium-ion battery pack.

. The statement said: “In the Indian auto market, compact sedan is a mainstream model, introducing sustainability techniques about this type of price, is very necessary..

The battery composite company consisting of three companies will ensure the stability of the lithium-ion battery pack in the process of driving the Indian sustainable vehicle, responding to the ‘Indian manufacturing (Makeinindia) program proposed by the hardness government.. Three companies will further assess the establishment of the joint venture in India, in line with the requirements of anti-monopoly law, waiting for approval of relevant regulatory agencies.

“Minister India Minister Nirmalasithraman and Toyota, Suzuki, Hitachi, Aichiprefecture and Softbank have met, and negotiated in the investment of investment.. In this large background, Suzuki announced that it will establish a joint venture in India.

. In the past 30 years, Suzuki and India have established a strong partnership, and its passenger cars account for more than 46% of the Indian car market.

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