Related News

Signage ahead of the Nvidia Live event at CES 2026 in Las Vegas, Nevada, US, on Monday, Jan. 5, 2026. Bridget Bennett | Bloomberg | Getty Images Nvidia director Persis

Databricks co-founder and CEO Ali Ghodsi. Databricks Data analytics software company Databricks has landed $1.8 billion in fresh debt, a person familiar with the matter told CNBC. Databricks now sits

The Intel logo is visible at the India Mobile Congress 2025 in Delhi, India, on October 11, 2025. Kabir Jhangiani | Nurphoto | Getty Images Intel shares plunged 14% Friday

Nvidia founder and CEO Jensen Huang (R) speaks next to BlackRock chairman and WEF co-chairman Larry Fink during the World Economic Forum (WEF) annual meeting in Davos on January 21,

What looks invisible to the naked eye is now easy to spot. A portable medical device developed by Chinese firm Vivolight has gone viral after a short demo clip was

The TikTok USDS (U.S. Data Security) logo appears on a smartphone screen in this illustration photo in Reno, United States, on Dec. 19, 2025. Jaque Silva | Nurphoto | Getty

Trending News

In today’s digital age, the opportunity to make money online without any initial investment is more accessible than ever before. Whether you’re a student looking to earn some pocket money,

In today’s digital world, make money online has become a dream many want to turn into reality. Whether you’re looking for a side hustle or aiming to build a full-time

JSW Cement, the building materials arm of Sajjan Jindal-led JSW Group, has reduced the size of its upcoming initial public offering (IPO) to Rs 3,600 crore and will open the

The agricultural Gross Value Added (GVA) growth is expected to moderate to 4.5% in the first quarter of FY26, down from 5.4% in the preceding quarter, according to a report

Foreign portfolio investors (FPIs) turned net sellers in the Indian equity market in July, pulling out Rs 17,741 crore amid rising global trade tensions. According to data from NSDL, this

Avenue Capital Group-backed Asset Reconstruction Company (India) Ltd (ARCIL) has filed its draft red herring prospectus (DRHP) with markets regulator Sebi on Friday to raise funds through an initial public

Maruti to invest Rs 70k cr in 5-6 yrs

Word Count: 664 | Estimated Reading Time: 4 minutes


Maruti to invest Rs 70k cr in 5-6 yrs

Hansalpur: Maruti and its Japanese parent Suzuki Motor on Tuesday said they will invest Rs 70,000 crore in India over the next 5-6 years, but added that localising batteries for fully-electric cars remains a challenge in the absence of lithium-ion reserves.As the company rolled out its first fully-electric vehicle, the eVitara, global president T Suzuki said the car will be initially exported to Japan and Europe before making its way to India. At the rollout of the green car, in the presence of Prime Minister Narendra Modi, Suzuki said the company will be exporting the vehicle to over 100 countries, with India becoming the sole manufacturing base for the model.“This Gujarat facility, serving customers across India and global markets, will shortly become one of the world’s largest automobile manufacturing hubs, with a planned capacity of one million units. Further, we chose this facility to manufacture the eVitara, our first battery electric, and make it as global production hub for this model. We will export this ‘Made-in-India BEV’ to over 100 countries, including Japan & Europe,” he said.The company also started the production of the country’s first lithium-ion battery and cell with electrode level localisation, that would be used for its hybrid vehicles. However, making bigger batteries for EVs remains a challenge, non-executive chairman R C Bhargava said. This is also making it difficult for the company to plan proper schedules for launch and scale up of eVitara in India.“Nobody is making EV battery cells in India. Production of battery cells is a very capital-intensive industry, and getting access to raw material (lithium ion) is a problem… this is one reason that deters people from making batteries in India. Or else you partner a Chinese company and give them a majority stake, and they assure you supplies.”President Suzuki said the company has a focus on sustainability and green, and will launch cars across various clean technologies.





Source link

Most Popular Articles