CapEx Tracking the Creation of New Capacities
From Intentions through Implementation and Completion.
29 Jan 2021 10:19 AM, Tidings Rinkesh Shah

Grinntech’s facility to produce Lithium-Ion batteries goes on stream

Grinntech Motors, engaged in manufacturing Lithium-Ion batteries for electric vehicles, commenced production at its facility in Chennai. The company in October 2020 had signed a memorandum of understanding with the Government of Tamil Nadu entailing investments of Rs.1 billion. The new site equipped with state-of-the-art features would also manufacture Grinntech’s award winning Battery Management Systems to address the demand for electric vehicles.