skip to content
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post

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

- 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 -

Most Popular Articles

Aryaman Raghuvanshi
Aryaman Raghuvanshi
Aryaman Raghuvanshi is a Journalist at EFY. His passion is to explore the future of mobility, which gets him to cover latest technologies shaping the future of automobiles and EVs. But, at times he writes on broader technologies too. LinkedIn: https://www.linkedin.com/in/aryaman-raghuvanshi-2431b7153

Purple Technologies Launches AI & Robotics Lab For Vijayawada Schools

0
Eyeing to transform STEM education with hands-on AI kits, coding tools, and affordable teacher training for just ₹500/month, Purple Technologies unveils its AI &...

Calcom Vision’s Q3 Revenue Up 9.25%, Profits Soar

0
Despite margin decline, Calcom Vision sees a 9.25 per cent revenue boost in Q3 FY25, with profits soaring 747.53 per cent. It plans to...

Volkswagen Announces Five-Year Plan For EV Future

0
Aiming to lead the EV market by 2030, Volkswagen has a bold five-year plan, including affordable electric cars, workforce cuts, and a high-tech Wolfsburg...

Samsung Electronics Names Its Veteran Leaders For Board

0
Reshuffling its board membership, Samsung Electronics has nominated its chief of chip business, CTO, awaiting finalisation in March. Dr Hyuk Jae Lee from Seoul...

Element14 Expands Audio Portfolio With PUI Audio Partnership

0
This collaboration offers customers a broader selection of innovative audio, haptic, and sensor solutions across medical, industrial, security, and consumer electronics industries. element14 has significantly...
Sridhar Kaip, CEO, SFAL

“Many Startups Selected Under DLI Are Part Of SFAL’s Portfolio” – Sridhar Kaip, SFAL

0
With a vision to enable companies to develop semiconductor IPs in India, the Semiconductor Fabless Accelerator Labs (SFAL) has incubated five fabless design startups...
Anshuman Divyanshu, CEO, Exicom

“Our Chargers Are Fully Interoperable and Compatible with All Vehicles” – Anshuman Divyanshu, Exicom

0
Battery safety and longevity, the effects of charging and discharging, and various safeguards and features are among the most critical considerations for a battery...
Khushal Panchal,  chief operating officer (COO), PCB Power

“We Differentiate Ourselves By Producing Radio Frequency PCBs For Wireless Communication Devices” – Khushal...

0
With technology and policy support, Indian PCB manufacturing is at a turning point. Can innovation and scale match global giants? PCB Power leads the...
Jayesh Ranjan IAS, Special Secretary, Department of Industries and Commerce and ITE&C, Government Of Telangana

“To Compensate For Telangana’s Lack Of A Wet Port,Our Incentives Help ESDM And Semiconductor...

0
Despite logistics challenges, how is Telangana securing billion-dollar investments in electronics? Will the state unveil a new semiconductor policy soon? Jayesh Ranjan, IAS, from...
Shrinivas Kulkarni CFO, Cyient DLM

“Acquisitions That Help Address Gaps In Our Design Capabilities….. Interest Us” – Shrinivas Kulkarni,...

0
Over the past five years, Cyient DLM (formerly Rangsons Electronics), a subsidiary of Cyient Limited, has rapidly expanded its footprint in the design-led manufacturing...
Sridhar Kaip, CEO, SFAL

“Many Startups Selected Under DLI Are Part Of SFAL’s Portfolio” – Sridhar Kaip, SFAL

0
With a vision to enable companies to develop semiconductor IPs in India, the Semiconductor Fabless Accelerator Labs (SFAL) has incubated five fabless design startups...

Meridian Joins Altair’s Startup Programme To Boost UAV Tech

0
Eyeing to drive innovation in UAVs and hybrid power tech with simulation tools and expert support, Altair teams up with Meridian Flight Systems in...

Mitsubishi Electric Acquires Stake In Itanta Analytics Startup

0
Aiming to boost manufacturing digitalisation and efficiency with simplified automation solutions, Mitsubishi Electric India invests in Itanta Analytics to develop no-code data analysis tools....

Union Budget 2025-26: What It Has For The Electronics Sector?

0
With reduced and exempted duties, tax relief for manufacturing, and increased support for startups, this Budget addresses a broader range of issues within the...

IndiaAI Mission Expands To 18,693 GPUs For R&D

0
Aiming to support R&D and ethical AI, Union Minister Ashwini Vaishnaw announced the expansion of IndiaAI’s GPU infrastructure to 18,693 to benefit startups and...

Industry's Buzz

Purple Technologies Launches AI & Robotics Lab For Vijayawada Schools

0
Eyeing to transform STEM education with hands-on AI kits, coding tools, and affordable teacher training for just ₹500/month, Purple Technologies unveils its AI &...

Calcom Vision’s Q3 Revenue Up 9.25%, Profits Soar

0
Despite margin decline, Calcom Vision sees a 9.25 per cent revenue boost in Q3 FY25, with profits soaring 747.53 per cent. It plans to...

Volkswagen Announces Five-Year Plan For EV Future

0
Aiming to lead the EV market by 2030, Volkswagen has a bold five-year plan, including affordable electric cars, workforce cuts, and a high-tech Wolfsburg...

Samsung Electronics Names Its Veteran Leaders For Board

0
Reshuffling its board membership, Samsung Electronics has nominated its chief of chip business, CTO, awaiting finalisation in March. Dr Hyuk Jae Lee from Seoul...

Element14 Expands Audio Portfolio With PUI Audio Partnership

0
This collaboration offers customers a broader selection of innovative audio, haptic, and sensor solutions across medical, industrial, security, and consumer electronics industries. element14 has significantly...

Learn From Leaders

Sridhar Kaip, CEO, SFAL

“Many Startups Selected Under DLI Are Part Of SFAL’s Portfolio” – Sridhar Kaip, SFAL

0
With a vision to enable companies to develop semiconductor IPs in India, the Semiconductor Fabless Accelerator Labs (SFAL) has incubated five fabless design startups...
Anshuman Divyanshu, CEO, Exicom

“Our Chargers Are Fully Interoperable and Compatible with All Vehicles” – Anshuman Divyanshu, Exicom

0
Battery safety and longevity, the effects of charging and discharging, and various safeguards and features are among the most critical considerations for a battery...
Khushal Panchal,  chief operating officer (COO), PCB Power

“We Differentiate Ourselves By Producing Radio Frequency PCBs For Wireless Communication Devices” – Khushal...

0
With technology and policy support, Indian PCB manufacturing is at a turning point. Can innovation and scale match global giants? PCB Power leads the...
Jayesh Ranjan IAS, Special Secretary, Department of Industries and Commerce and ITE&C, Government Of Telangana

“To Compensate For Telangana’s Lack Of A Wet Port,Our Incentives Help ESDM And Semiconductor...

0
Despite logistics challenges, how is Telangana securing billion-dollar investments in electronics? Will the state unveil a new semiconductor policy soon? Jayesh Ranjan, IAS, from...
Shrinivas Kulkarni CFO, Cyient DLM

“Acquisitions That Help Address Gaps In Our Design Capabilities….. Interest Us” – Shrinivas Kulkarni,...

0
Over the past five years, Cyient DLM (formerly Rangsons Electronics), a subsidiary of Cyient Limited, has rapidly expanded its footprint in the design-led manufacturing...

Startups

Sridhar Kaip, CEO, SFAL

“Many Startups Selected Under DLI Are Part Of SFAL’s Portfolio” – Sridhar Kaip, SFAL

0
With a vision to enable companies to develop semiconductor IPs in India, the Semiconductor Fabless Accelerator Labs (SFAL) has incubated five fabless design startups...

Meridian Joins Altair’s Startup Programme To Boost UAV Tech

0
Eyeing to drive innovation in UAVs and hybrid power tech with simulation tools and expert support, Altair teams up with Meridian Flight Systems in...

Mitsubishi Electric Acquires Stake In Itanta Analytics Startup

0
Aiming to boost manufacturing digitalisation and efficiency with simplified automation solutions, Mitsubishi Electric India invests in Itanta Analytics to develop no-code data analysis tools....

Union Budget 2025-26: What It Has For The Electronics Sector?

0
With reduced and exempted duties, tax relief for manufacturing, and increased support for startups, this Budget addresses a broader range of issues within the...

IndiaAI Mission Expands To 18,693 GPUs For R&D

0
Aiming to support R&D and ethical AI, Union Minister Ashwini Vaishnaw announced the expansion of IndiaAI’s GPU infrastructure to 18,693 to benefit startups and...