Panasonic, Minda Industries to set up JV for lead-acid storage batteries  [ India ]

Panasonic Corporation and Minda Industries Ltd. (Uno Minda) announced that they will establish a joint venture to develop, manufacture, and sell lead-acid storage batteries for motorcycles and automobiles in New Delhi, India in November 2014. The new company will be capitalized at INR 1.6 billion (approximately USD 25.9 million), of which 60 percent will be invested by Panasonic and 40 percent ...