Munoth Industries will build lithium-ion battery factories in AP

Munoth Industries in Chennai announced Wednesday the establishment of a lithium-ion battery plant, which is said to be India's first lithium-ion battery plant with an investment of 79.9 billion rupees. The first phase of the plant will be aimed at the mobile phone industry, which will be held in Tirupati, Andhra Pradesh.

The first stage of this project will be put into operation in March 2019, put into operation in 2022 to the second stage and third stage.

Munoth Industries earlier involved in the mobile phone distribution, but is now committed to the production of lithium ion battery, MDVikas Munoth said.

He added that in the first stage, the company has to invest 16.5 billion rupees, where each center and national get about $250 million in subsidies according to the different plan.

The plant is expected to create employment opportunities for about 1700 people., m.d., Ph.D., said the first phase of the company's target capacity is 200000 HZ, the second phase will be increased to five hundred thousand HZ, then increased to 10 Wan He.

Level of consumption

"The Indian cellular association, President of the country Pankaj Mahindroo said:" the mobile phone's battery consumption per year is about 400 million to 45 million, including the replacement of mobile phone, mobile phone battery is about 100 million dollars a year.

Munoth Industries Jaswant Munoth company chairman, said the company in the first stage of the production of the market share of about 6% of the total number of mobile phone battery industry consumption.

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