Munoth Industries today said that it plans to invest Rs 799 crore in three phases for setting-up the country’s first lithium ion batteries manufacturing plant.
India To Begin Local Manufacture Of Lithium-Ion Batteries For Solar Application, Will Lead To Lower Prices
Lithium-ion batteries are the current pinnacle of energy storage technology and India is one of the biggest importers. According to Ministry of Science and Technology, in 2017 India imported $150 million worth of batteries.
India, one of the largest importers of Lithium Ion batteries in the world, is all set to ink a first of its own in this space!
EnerBlu has only recently started building its first battery manufacturing plant in the US, but its chief strategy officer, Robert Pedraza, is already eyeing the Chennai Metropolitan Transport Corporation as a potential customer.
From launching 104 satellites at one go, enabling commercial roll out of lithium-ion batteries, to taking the lead in providing energy security, the Indian Space Research Organization (Isro) is firing on all cylinders.