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Batteries

India Takes a Giant Leap in Electric Vehicle Manufacturing

Strategic Insights

— 1 min read

Prime Minister Narendra Modi has inaugurated the next phase of India's battery ecosystem with the start of local production of hybrid battery electrodes at TDS Lithium-Ion Battery Gujarat Pvt Ltd (TDSG), a joint venture between Toshiba, Denso, and Suzuki. This initiative marks a significant milestone in India's electric vehicle (EV) manufacturing journey, with the goal of strengthening the country's position in the global EV market. The launch of local battery production is expected to reduce India's dependence on imported batteries and make EVs more affordable for domestic consumers.

Key Takeaways:

  • The TDSG battery plant is India's first lithium-ion battery manufacturing facility with cell-level localisation, ensuring that over 80% of the battery value will now be manufactured within India.
  • The lithium-ion batteries produced at the plant will be used in Maruti Suzuki's strong hybrid electric vehicles.
  • The joint venture between Toshiba, Denso, and Suzuki will manufacture battery cells in India for the first time under the initiative by TDSG.
  • Battery cell electrodes will also be produced locally within India.
  • The Made-in-India BEVs will be exported to more than one hundred countries, including advanced markets such as Europe and Japan.
  • With this milestone, India will now serve as Suzuki's global manufacturing hub for electric vehicles.
  • PM Modi emphasized the importance of domestic battery production for strengthening EV manufacturing in India.
  • The foundation of the TDSG battery plant was laid in 2017 with the vision of domestic battery production.

Statistics:

  • Over 80% of the battery value will now be manufactured within India.
  • The lithium-ion battery manufacturing facility will produce batteries for Maruti Suzuki's strong hybrid electric vehicles.
  • The joint venture between Toshiba, Denso, and Suzuki will manufacture battery cells in India for the first time.
  • Battery cell electrodes will also be produced locally in India.
  • The Made-in-India BEVs will be exported to more than one hundred countries.
  • India will now serve as Suzuki's global manufacturing hub for electric vehicles.

Sources:

  • PIB, Govt of India
  • Global Data Point, "India Takes a Giant Leap in Electric Vehicle Manufacturing", 2022
  • SyndiGate Media Inc. ( )

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