French battery manufacturer Saft has bought out its India joint venture partner, Amco, as part of an expansion plan under the newly-established Saft India brand.
Saft is to expand production at its factory in Bidadi, Karnataka, including the addition of a new lithium-ion battery line.
Saft India general manager Guy Patrick de Broglie said the company would strengthen its “leadership position” with an increased focus on rail, telecoms and infrastructure.
“That is why we are increasing our investment in our plant, in both lithium-ion and nickel technologies,” de Broglie said. “This will allow us to continue to be more responsive to the needs of our Indian customers.”
Franck Cecchi, executive vice-president of Saft India said: “We are increasing our focus on India now to support the Indian government, the ‘Make in India’ programme and Indian industries. We look forward to accelerating our growth here.”
Saft’s purchase of the remaining 49 per cent of its joint venture company Amco, came as the French firm celebrated 100 years in business.
Saft, which was taken over by French oil and gas giant Total in July 2016 for US$1.1 billion.
