Lucas TVS to build Li-ion battery unit for ₹2,500 cr.
The Hindu
Firm collaborates with U.S.’s 24M Tech
Lucas TVS Ltd. and U.S.-based 24M Technologies Inc. are setting up a ₹2,500-crore factory near Chennai for making semi-solid lithium-ion (Li-ion) battery cells. The plant, which will produce the battery cells initially for the Indian market, will begin commercial production by the second half of 2023, Lucas TVS said in a statement. The firm expects to build similar plants throughout India to support the growing energy storage, electric mobility and lead acid battery-replacement markets.
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