Top Page | English | 简体中文 | 繁體中文 | 한국어 | 日本語
Monday, 17 April 2017, 10:00 HKT/SGT
Share:
    

Source: Denso
Suzuki, Toshiba and Denso Reached Basic Agreement to Establish Joint Venture Company for Production of Automotive Lithium-Ion Battery Packs in India

TOKYO, Apr 17, 2017 - (JCN Newswire) - Suzuki Motor Corporation, Toshiba Corporation and Denso Corporation have reached basic agreement on establishing a joint venture company for production of automotive lithium-ion battery packs in India, and signed the agreement.

In India, higher attention is being paid to environment, and new CO2 standards for automobiles is planned to be introduced. In the Indian automotive market where compact cars are the mainstream models, introduction of sustainable technology suitable for such affordable cars is required. The battery pack manufacturing joint venture by the three companies will realize stable supply of lithium-ion battery packs in India in the course of promoting sustainable cars in the country and will contribute to "Make in India" initiative by the Indian Government.

The joint venture company will be established within 2017 and shall move to manufacturing phase at earliest possible timing. The initial capital expenditure will be 20 billion Japanese yen. 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.

Establishment of the joint venture company will be further examined in details by the three companies, and subject to approval by respective authorities in accordance with applicable competition laws.


Contact:
Sadayoshi Yokoyama, Toshiko Watanabe 
DENSO CORPORATION 
Phone: 81-566-25-5594 
Fax: 81-566-25-4509 
sadayoshi_yokoyama@denso.co.jp 
toshiko_watanabe@denso.co.jp



Topic: Press release summary
Source: Denso

Sectors: Automotive
http://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2025 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.


Denso Links

http://www.globaldenso.com/en/

https://www.facebook.com/DENSOCorporation/

https://twitter.com/hashtag/denso?lang=en

https://www.youtube.com/channel/UCl8cZy9vYlTcnkVMEInM7XQ

https://ph.linkedin.com/company/denso

Denso
Oct 10, 2025 23:21 HKT/SGT
DENSO's Electrification Products Adopted for TOYOTA's New "bZ4X"
Oct 10, 2025 23:08 HKT/SGT
Newly developed eAxle adopted for TOYOTA's new "bZ4X"
Sept 29, 2025 14:22 HKT/SGT
DENSO and TUV Rheinland Japan Sign Memorandum of Understanding to Realize Sustainable Product Development and to Promote Digital Product Passport
Sept 25, 2025 17:02 HKT/SGT
JERA and DENSO Begin Japan's First Demonstration of SOEC Hydrogen Production at a JERA Thermal Power Station
Sept 1, 2025 19:52 HKT/SGT
DENSO Signs Agreement to Transfer Part of Its Ceramic Product Business
Aug 28, 2025 15:33 HKT/SGT
The University of Tokyo and DENSO Jointly Establish a Social Cooperation Program: "Building Sustainable Production System Infrastructure with Advanced AI Technology"
Aug 6, 2025 17:54 HKT/SGT
Dream Incubator and DENSO Launch Demonstration Project for Digital Platform Development for Mobility Circular Economy and Integrated Manufacturing for India
Aug 1, 2025 10:00 HKT/SGT
Isuzu's first battery-electric pickup "D-MAX EV" adopts eAxle
July 31, 2025 10:25 HKT/SGT
DENSO Announces First Quarter Financial Results
July 4, 2025 15:20 HKT/SGT
DENSO Acquires Axia Vegetable Seeds to Realize Sustainable Agriculture
More news >>
 News Alerts
Copyright © 2025 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Privacy Policy | Terms of Use | RSS
US: +1 214 890 4418 | China: +86 181 2376 3721 | Hong Kong: +852 8192 4922 | Singapore: +65 6549 7068 | Tokyo: +81 3 6859 8575

Connect With us: