Maruti Expected To Export Lithium-Ion Cells Worth Rs 1,000 Crore

- Advertisement -
- Advertisement -

Maruti is still to venture into the electric segment, and it announced its entry into this field will be marked by localisation and scalability.

Maruti Suzuki is set to export lithium-ion cells valued at Rs 1,000 crore next year as part of its strategy to establish a robust scale and reduce costs. This was revealed by Rahul Bharti, Executive Director of Corporate Affairs at Maruti Suzuki, during the India EV Conclave, which was co-hosted with the Tamil Nadu government this week.

Bharti highlighted that the company’s parent-level joint venture with Suzuki is already producing India’s first lithium-ion cells and is beginning to export them. He mentioned that these cells, primarily for hybrid vehicle batteries, are instrumental in Maruti Suzuki and Toyota’s efforts to forge a new segment in India.

- Advertisement -

Despite being a market leader, Maruti Suzuki has yet to make a significant entry into the electric vehicle (EV) market. However, the company plans to do so, focusing on localisation and scale. They announced their first Battery Electric Vehicle (BEV) plant featuring cell-level localisation two years ago. Maruti Suzuki’s latest financial reports indicate plans to export battery packs to Magyar Suzuki, Suzuki’s European subsidiary, with the total amount not exceeding Rs 1,500 crore annually from FY23 to FY25.

These battery packs, produced by TDS Lithium Ion Battery Gujarat Private Ltd—a collaboration between Toshiba, Denso, and Suzuki Motor Corp—reflect Maruti Suzuki’s commitment to the evolving EV landscape.

India’s EV industry is poised for a dramatic shift with the recent discovery of 5.9 million metric tonnes of lithium reserves in Jammu and Kashmir. These reserves, yielding high-quality battery-grade lithium carbonate, signify a potential revolution in the country’s EV sector. The government is fast-tracking the auction process for this lithium mineral block, marking a major step in mineral resource exploration and utilization.

The country has ambitious goals for EV adoption by 2030, aiming for electric vehicles to make up 30% of private cars, 70% of commercial vehicles, 40% of buses, and 80% of two- and three-wheelers. This would result in about 80 million EVs on Indian roads by 2030. Recent data reveals that India imported lithium and lithium-ion materials worth Rs 18,763 crore between April and January of FY23, highlighting the growing importance of these resources in the nation’s automotive and energy sectors.

- Advertisement -

Related Artcles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Exclusive

Europe

European Car Market’s Best Post-Pandemic Year, Driven By 2 Million EVs

0
In 2023, Tesla surpassed Nissan and Volvo as battery-electric vehicles (EVs) neared the sales of diesel cars. For the first time in Europe, EV...

Global EV Sales: 69% Annual Increase, 26% Monthly Decrease – Rho Motion

0
In January, sales of fully electric cars and plug-in hybrids reached 1.1 million, an increase from 660,000 in January 2023. In January, global electric vehicle...

India Shifts Towards Expensive Smartphones, Market Stabilised With 2% YoY Decline In 2023

0
The Indian smartphone market is expected to grow by 5% for 2024, driven by 5G adoption and device upgrades. India's smartphone market experienced a slight...

Buzz

AI

Big Techs Collate To Protect Elections From AI Deception

0
The signatories of the tech accord include OpenAI, Microsoft, Adobe, and social media platforms like Meta Platforms, TikTok, and X. On February 16, a coalition...

CERC Issues Tariff Regulations For Renewable Energy Sources

0
The regulations empower CERC to relax provisions under special circumstances and address implementation difficulties. The Central Electricity Regulatory Commission (CERC), using its authority under the...

Tata Group On Partnership Lookout For Dholera Plant, Could Be UMC Or PSMC

0
The plant will start with initial capacity of 25,000 wafers per month, to 700-1,000 semiconductor chips per day at full efficiency. The Tata Group is...

Important Sectors

With Electric Vehicles, The Vehicle Service Industry Will Undergo The Biggest Disruption

0
With electric vehicles (EVs) becoming mainstream in India, how is the vehicle service sector responding? As this sector employs a large fraction of individuals...

CERC Issues Tariff Regulations For Renewable Energy Sources

0
The regulations empower CERC to relax provisions under special circumstances and address implementation difficulties. The Central Electricity Regulatory Commission (CERC), using its authority under the...

Tata Group On Partnership Lookout For Dholera Plant, Could Be UMC Or PSMC

0
The plant will start with initial capacity of 25,000 wafers per month, to 700-1,000 semiconductor chips per day at full efficiency. The Tata Group is...

Indian Govt Announces Two Multi-Billion Dollar Semiconductor Plants

0
India aims to further its success in electronics manufacturing, targeting $300 billion by 2026-27 The government has received four proposals for semiconductor manufacturing...

Applied Ventures Invests In VVDN Technologies To Boost Semiconductor Ecosystem

0
The investment underscores Applied Ventures' dedication to nurturing innovation, collaboration, and entrepreneurship within the semiconductor and electronics manufacturing landscapes. Applied Ventures, LLC has announced a...

Manufacturing

BorgWarner Produces E-Motor Parts For Chinese Automaker

0
In January 2024, production started for use in XPeng's X9 MPV; stator winding technology provides exceptional power density and efficiency, while oil cooling enhances...

Volkswagen Group And M&M Ink Supply Deal For MEB Components

0
The agreement includes the provision of specific electric components and unified cells. Volkswagen Group and Mahindra & Mahindra (M&M) have finalized the first supply agreement...

ZF Launches TN plant, Eyes EV Growth And Exports; Plans INR 1800 Cr Investment

0
The Oragadam facility marks ZF's 19th in India and 10th in TN, with 80% of its workforce expected to be women. In the first...

StoreDot’s Fast-Charging Cells Hit 100 Miles In 4 Minutes

0
StoreDot achieved its '100in4' goal ahead of schedule in early prototype tests through a series of cell improvements, enabling extremely fast charging with existing...

CG Power, Renesas, And Stars Microelectronics To Establish Chip Plant In India

0
The Murugappa Group, a new player in the Indian electric vehicle (EV) market and based in Chennai, stands to gain from the internal provision...