AEPPL Inks $689.7 Million Deal for Setting Up Li-Ion Battery Plant in Western India

AEPPL will capitalize in two phases, with an initial focus on setting up production lines for battery packs and modules by the end of 2020. It aims to develop output to 30 million cells per year by 2025

October 18, 2019. By News Bureau

Automotive Electronics Power Private Ltd. (AEPPL) has announced that it has signed a memorandum of understanding with the state government of Gujarat to invest INR 49.3 billion ($689.7 million) in a lithium-ion battery production facility in Hansalpur, in the state’s Ahmedabad district.

AEPPL will capitalize in two phases, with an initial focus on setting up production lines for battery packs and modules by the end of 2020. It aims to develop output to 30 million cells per year by 2025.

The plant will supply lithium-ion batteries to Maruti Suzuki and Suzuki Motor Gujarat. Suzuki Motor holds a 50% stake in the venture, while Toshiba has 40%, with Denso holding the remaining 10%.

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