Race To Manufacture Lithium-ion Batteries In India Is Heating up
Reliance, Maruti, Ola, Tata, and M&M are all vying for a piece of the market. Each company has its strengths and weaknesses, and it is still unclear who will come out on top.
Here is a look at each company’s plans for lithium-ion batteries and what you can expect from them shortly.
Reliance Enters the Race for Lithium-Ion Batteries
You are probably aware that the market for electric vehicles is growing rapidly. This has led to a surge in demand for lithium-ion batteries, which are used to power electric vehicles.
Several Indian companies have recognized the potential of this market and have launched initiatives to develop lithium-ion batteries. Reliance has announced plans to build a plant in Gujarat that will produce batteries for electric vehicles. Maruti Suzuki has partnered with Hyundai to develop a battery for electric cars. Ola has partnered with Tata Motors to develop a battery for electric buses. And Mahindra & Mahindra has announced plans to set up a joint venture with Sony to manufacture lithium-ion batteries.
Maruti Suzuki to Lead Battery Alliance
Maruti Suzuki is looking to take the lead in India’s race for lithium-ion batteries.
The company has already announced plans to set up a battery alliance with Tata Motors and Mahindra & Mahindra. This alliance will help all three companies to develop lithium-ion batteries for use in electric vehicles.
Maruti Suzuki is not the only company interested in this market. Tata Motors and Mahindra & Mahindra are both major players in the Indian automotive industry, and both have plans to launch electric vehicles shortly.
Ola Electric in Talks With Samsung SDI, LG Chem for Battery Supply
You are probably aware that Ola is working on electric vehicles. The company has now started talks with Samsung SDI and LG Chem for the supply of lithium-ion batteries.
This is a crucial step for Ola, as it looks to phase out its reliance on petrol and diesel vehicles. It has already announced plans to add one million electric vehicles to its fleet by 2021.
Tata Motors Partners With Panasonic for Electric Vehicles
Tata Motors has announced a partnership with Panasonic to develop lithium-ion batteries for electric vehicles. This is a major step in Tata’s plans to foray into the electric vehicle market.
The partnership will help Tata reduce the cost of batteries and improve its technology. Panasonic has a lot of experience in this area, and its expertise will be invaluable to Tata.
This is good news for electric vehicle enthusiasts in India. With so many players getting into the game, the competition is sure to result in better products and lower prices.
Mahindra & Mahindra to Source Batteries From Chinese Suppliers
Reliance is in, with plans to set up a battery manufacturing unit. Maruti Suzuki is in, with plans to use lithium-ion batteries in its electric cars. Ola is in, with plans to roll out 10,000 electric cars by 2020. Tata Motors is in, with plans to launch electric cars by 2020.