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

Japanese joint venture Automotive Electronics Power Private Ltd (AEPPL) will invest Rs37.15 billion ($517 million) in the second phase of its lithium-ion battery production facility at Hansalpur, in the Ahmedabad district of the state of Gujarat, according to a report in Indian financial daily newspaper Mint.

The joint venture set up by Suzuki Motor, Toshiba and Denso will commit the investment over the 2021-25 period, following a first-phase outlay of Rs12.5 billion to finance production lines for battery packs and modules by the end of the year. AEPPL aims to expand plant output to 30 million cells per year by 2025.

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Uma Gupta

Based in New Delhi, Uma reports on the latest PV market trends and projects in India. After gaining an MSc Physics (Electronics) and an MBA, she has gone on to accrue over a decade of experience in technology journalism.

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