Tesla Power India, a leading battery maker has announced its strategic alliance with Thaihuawei Battery, Thailand, with a primary focus on motorcycle batteries. The company says the Ministry of Trade and Commerce in India has endorsed the Free Trade Treaty (FTT) between India and Thailand, encouraging this strategic alliance between the two MNCs.
The collaboration aims to significantly help reduce costs, owing to the zero-import duty from Thailand when compared to sourcing batteries from China. Tesla Power India says it has taken a strategic decision to import from Thailand to enhance affordability and foster mutually beneficial trade relationships between the two countries.
Kavinder Khurana, MD, Tesla Power India said, “Approximately a crore motorcycle batteries are replaced every month in India. If the life of motorcycle batteries can be increased using our innovative technology, it will save the cost for the Indian consumers.”
Tesla Power India says it will offer a complimentary FRC (Friction Reducing Concentrate) valued at Rs 250 with each motorcycle battery purchase. This effectively provides a 25 percent discount on the Rs 1,000 battery, making it an attractive and cost-effective choice for consumers.
Thaihuawei Battery Co, Thailand will establish a state-of-the-art manufacturing facility in India in partnership with Tesla Power India, when their business grows substantially. This facility is projected to have the capacity to produce 12 million batteries annually, at an estimated investment of Rs 150 crore. This endeavour is set to create 5,000 jobs, directly as well as indirectly.
Tesla Power India plans to make these batteries available at an affordable price, readily accessible to consumers by distributing them through a network of 30,000 outlets across the country.
Jaroon Jaruratchatanon, Thaihuawei Battery said, “We are excited about the future possibilities of this collaboration with Tesla Power India. Together, we aim to drive innovation, make batteries affordable, create jobs, and contribute to the sustainable development of India’s Battery sector.”
