Maruti gets electric boost as Suzuki vows to produce lithium ion batteries by 2020

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Japanese automaker Suzuki Motor Corp. on Thursday said that its joint venture partnership with Toshiba Corp. and Denso Corp. will start making lithium ion batteries for India and international markets from 2020.

The move comes as a shot in the arm for Suzuki’s local unit and India’s largest car maker Maruti Suzuki India Ltd, which is considered to be a laggard in green technology space when compared with its rivals in the market. Globally, Suzuki also does not have effective technology in the sphere and sought partnerships, first with Volkswagen AG; and now Toshiba and Denso, to beef up its presence in the space. Suzuki also has an agreement with Toyota Motor Corp. to jointly develop future technologies.