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Panasonic to build lead-acid battery plant in India

Fri, 07/11/2014 - 16:03 -- Laura Varriale
Panasonic battery

Japanese electronics maker Panasonic is to set up a lead-acid battery plant in India and plans to make the country a regional hub.

The batteries shall be used mainly in the automotive industry and data centres. The costs for the plant are estimated at Rs200 crores ($36m). Panasonic is currently deciding on a location, which offers either tax concessions or is closer to the company’s automotive customers. The target is to start production by 2016.

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