The Indian Sanvaru is extending its lithium battery production capacity to 400 MWh per year by setting up a new factory in the Indian state of Uttarakhand. Its devices are used for stationary and EV storage.
Haryana-based Sanvaru Technology has revealed it will more than triple its lithium battery manufacturing capacity in India to 400 MWh per year.
The company currently has a 125 MWh/yr facility in Sonipat, Haryana, where it manufactures lithium batteries for the solar storage and electric vehicle segments. Its expansion plans are now underway and its next factory will be built in Haridwar, Uttarakhand.
“We expect our revenues to exceed [$22 million] this year, as we have received letters of intent for orders,” said Sunil Bhatnagar, International Business Manager for New and Emerging Technologies at Sanvaru Technology. photo magazine.
Bhatnagar said the market for electric vehicles is expanding, with two-wheelers and three-wheelers leading the way in sales. For four-wheeled vehicles, the electric bus market is rapidly emerging as a mass rapid mode of transportation. Another potential segment is electric tractors, which are good for exports, but the domestic market is also growing, Bhatnagar said.
In line with current market trends, Sanvaru focuses on lithium batteries for electric vehicles. On the solar side, it mainly manufactures high-voltage energy storage systems. It also manufactures batteries for applications such as medical equipment and electric bicycles.
“[An] The electric bus battery is also under development, as it is quite similar to electric truck batteries. Another emerging vertical is containerized solutions at the megawatt level, where Sanvaru is working on many fronts,” Bhatnagar said.
Sanvaru has a supply base that covers all of India. It also exports batteries to neighboring countries and African markets.
Author: Uma Gupta
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