TVS Indeon, subsidiary of Lucas TVS, Ramps-Up Lithium Battery Production
TVS Indeon Ltd., a 100% subsidiary of leading automotive electrical components manufacturer Lucas TVS Ltd., today inaugurated its enhanced Battery Pack Production facility at the SIPCOT Industrial Park, Thervoy Kandigai, Gummidipoondi.
City Air News
Feb 28, 2025 07:06
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Chennai, February 28, 2025: TVS Indeon Ltd., a 100% subsidiary of leading automotive electrical components manufacturer Lucas TVS Ltd., today inaugurated its enhanced Battery Pack Production facility at the SIPCOT Industrial Park, Thervoy Kandigai, Gummidipoondi.
This significant milestone was launched by D Sneha, I.A.S – Executive Director (SIPCOT, TIDAL, TIDCO) and K. N. Radhakrishnan, Director & CEO, TVS Motor Company in the presence of T. K. Balaji, Chairman - TVS Indeon Ltd., and Arvind Balaji, Director – TVS Indeon Ltd. This launch highlighted TVS Indeon’s growing momentum in its transition to clean energy.
The state-of-the-art plant commenced its operations in 2024, with a production capacity of 1 GWh, and a potential to manufacture 1,500 battery packs daily. With the ramped-up production facility, TVS Indeon plans to double its production to 1000 packs per day employing over 200 people and commencing second shift operations. The company expects to reach its maximum capacity by March 2026.
"This expansion marks a key step in our journey towards producing affordable e-mobility solutions with improved quality and best-in-class safety," expressed T.K. Balaji, Chairman & Managing Director, Lucas-TVS Ltd., & TVS Indeon Ltd. In addition to producing battery packs, TVS Indeon is establishing the groundwork for a more sustainable, greener, and cleaner future. Our commitment extends beyond manufacturing; we also assist women in the workforce, strengthen local communities, and provide employment opportunities. We believe that our efforts will establish a responsible and diversified industrial ecosystem as we scale our capacity.”
The enhanced production facility will be instrumental in meeting the growing demand for lithium-ion battery packs in the e-mobility and energy storage segments, which currently supplies exclusively to TVS Motor Company. Committed to a greener future, TVS Indeon aligns with India’s vision of achieving Net Zero emissions by 2070.
