[volkman10]

Maruti Suzuki's parent company Suzuki Motor Corporation has entered into a joint venture with Toshiba Corporation and Denso Corporation for production of automotive lithium ion battery packs in India.

Not out of context, just recently Toyota's and Suzuki's global heads met Prime Minister of India and showed their interests to work together in areas of manufacturing and cleaner technologies.
This could be the beginning of affordable electric and autonomous mobility in India.

Suzuki's press release:

The partnership ( Toyota-Suzuki) will bring in Toyota’s global leadership in technology (electric and autonomous mobility) and manufacturing, and Suzuki’s strength in manufacture of small cars, especially in India

The statement issued by Suzuki Motor Corporation in Japan stated, with higher attention being paid to environment in India and new CO2 standards for automobiles planned, the introduction of sustainable technology suitable for affordable cars is required

The joint venture company will be established in 2017 and shall move to manufacturing phase at the earliest. The initial capital expenditure will be 20 billion Japanese yen or Rs 1,184 crore. The joint venture company will be capitalized at 2 billion Japanese yen, with the planned participation ratio of SUZUKI 50%, TOSHIBA 40% and DENSO 10% respectively.

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[i74js]

MSIL seems to know the future in India or atleast they will ensure whatever they predict through this partnership becomes a reality in the shortest possible time.

MSIL will certainly rest its product strategy on this partnership where Suzuki is putting its money. I am certainly happy that for a mass market shift to EV, players like M&M et. al. have taken steps at the right time, yet their heart and soul are not pushing the EV product line, which can now happen.

A player like MSIL can certainly make the buyers look at EVs favorably ensuring that there is enough interest in their new product line. The recent change in the non-eligibility of MSIL SHVS and M&M Microhybrid under the FAME scheme would have also helped these companies to close their JV and move ahead. One of the principal reasons for success of Ciaz since July 2016 was FAME benefit.

A complete EV product range supported by MSIL's strong muscle power can actually bring in change in the market; I see Indian EV market in India taking a fast track through this all Japanese partnership.

Do we get competent MSIL backed EV range from 2020? I think its possible !

[Carma2017]

I think the market has to turn to EVs and other alternative energy means thanks to CAFE norms and BS VI. The first casualty would be those noisy diesel engines, Lord be praised.

[bullock-Car]

Heartening news indeed, all the news about Tesla's, the inevitable staring but no news in India about the impending future.Kudos to Maruti for using their leadership position to lead the electric future. This will have cascading effect into serious plans instead of leap service. As Tesla says IC engine will look like steam engines after 20 years. This is a news worth following,as the future unfolds.

[arakhanna]

Not sure if this is good news for the shareholders of Maruti Suzuki Ltd.

Post the transfer of the Gujarat plant from MSIL to Suzuki, seems like all new capital expenditures will be done from the balance sheet of Suzuki even in India.

However I am very happy that capacities are being set up in India, keeping in mind that EV's are here to stay.

[volkman10]

Suzuki JV With Toshiba, Denso To Begin Rolling Out Lithium-Ion Batteries By 2020.The JV's new plant will rollout locally made batteries for use in hybrid and all-electric cars by 2020.

At the Suzuki booth at Mahatma Mandir Centre in Gandhinagar: Osamu Suzuki, chairman, Suzuki Motor; Japanese PM Shinzo Abe; RC Bhargava, chairman, Maruti Suzuki India; PM Narendra Modi and Kenichi Ayukawa, MD, Maruti Suzuki India. (ACI)


To invest Rs. 1151 crore for lithium-ion battery plant in Suzuki's existing campus in Gujarat's Hansalpur. The batteries are primarily for use in Suzuki hybrid models, but supply to other OEMs also likely.



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[volkman10]

Suzuki races ahead in securing its EV plans!



Suzuki has now announced a fresh investment of approximately ₹ 3800 crore ($ 0.6 billion) to construct 'Plant C' with an installed capacity to make a further 250,000 cars per year.

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[sgiitk]

An excellent bit of news. Lays the nucleus for the vehicles of the future. I am sure others will also come in. I only hope that we set up the power highways, and (this is more of a hope) let us have compatible norms for the power feeds.

[Carma2017]

The Japs are slow decision makers but lightning fast implementors. If Suzuki Toyota are putting their money into this, then they are dead serious about it. We can expect EVs post 2020 as all vehicle costs are radically revised post BS VI and death of diesel.

[volkman10]

Mahindra Open To Sourcing Batteries From Maruti Suzuki For Electric Cars.

With Suzuki setting up its own battery manufacturing joint venture in Gujarat, Mahindra says it will be open to the Japanese company being its supplier for batteries in the future.

Suzuki had said it would be open to supplying the batteries to other OEMs. And Mahindra - with its own ambitious and far-reaching electric plans says it would consider sourcing batteries from Suzuki.

This is also the reason Suzuki will have to look for customers outside of its own needs. While it has a big strategy to use the batteries for hybrid and all-electric Suzuki cars exported and sold in India too, that may not be enough economies of scale. This means Suzuki would need to find other buyers too. With the government announcing that it wants the entire market to transition to electric vehicles by 2030, that should not be hard to do. The car bazaar in India is set to go over 3 million units by next year, and is pegged to be twice as large by 2030.

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[volkman10]

Suzuki gears up for the Lithium-ion battery plant. Announces its preliminary organization,

[Sankar]

We neither have much oil nor lithium. So after decades of importing oil we will now import lithium. From oil dependancy to lithium dependancy.

[volkman10]

Maruti Suzuki-Toshiba-Denso JV proposes Rs 4,930 crore investment for lithium-ion battery plant in Gujarat.

The MoU was signed between the Department of Industry of the government of Gujarat and the tripartite joint venture Automotive Electronics Power (AEPPL) of Japan

As per the MoU signed today, AEPPL will make investments at Bacharaji in Gujarat in two phases. In the first phase, the construction manufacturing facilities for lithium-ion battery packs and modules, at a cost of Rs 1,250 crore, will be built by the end of 2020. The JV will generate employment for approximately 1,000 people

According to the MoU signed today, AEPPL will invest Rs 3,715 crore in second phase for distribution and will produce 30 million cells per year in Gujarat by 2025

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[volkman10]

Suzuki, Denso and Toshiba's lithium-ion JV unit to go on stream by year-end.

Suzuki Motor Corp, Denso Corp and Toshiba are set to start commercial production of the lithium-ion cell at their joint venture (JV) unit by December. The development brings Suzuki's India subsidiary, Maruti Suzuki closer to the plans of introducing new technology vehicles, including hybrid and battery electric vehicles by 2025.

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[shortbread]

Originally Posted by Sankar

We neither have much oil nor lithium. So after decades of importing oil we will now import lithium. From oil dependancy to lithium dependancy.

Lithium is used to store energy. We are not burning lithium when driving unlike petroleum products.