Suzuki, Toshiba and Denso reached basic agreement to establish joint venture company for production of automotive lithium-ion battery packs in India.

Suzuki Motor Corporation (Suzuki), Toshiba Corporation (Toshiba) And Denso Corporation (Denso) have reached basic agreement on establishing a joint ve...

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Suzuki Motor Corporation (Suzuki), Toshiba Corporation (Toshiba) And Denso Corporation (Denso) 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.

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