Prime Minister Narendra Modi's efforts to make electric vehicles a reality on Indian roads received a boost from Maruti's Japanese parent Suzuki Motor on Thursday. The three Japanese entities inked an agreement to form a joint venture to tap growing popularity for electric vehicles in India and supply lithium-ion battery packs in the country. Maruti: As Maruti Suzuki will produce electric cars at its Gujarat factory, experts believe that the company's stocks will guarantee a huge return. The firm has now reportedly ramping up its electric vehicles production. Battery makers: The uptick in the electric vehicles trend have potential to change the fortune of battery maker firms like Everyday and Exide Industries limited.

Source: dna September 15, 2017 04:18 UTC