TDS Lithium-Ion Battery Gujarat

What TDS Lithium-Ion Battery Gujarat does

TDS Lithium-Ion Battery Gujarat (TDSG) is a joint venture between Suzuki Motor Corporation (50%), Toshiba Corporation (40%), and Denso Corporation (10%) that manufactures lithium-ion battery modules and packs for hybrid electric vehicles at its Hansalpur, Gujarat facility — India's first lithium-ion battery manufacturing plant with cell-level localization. The company's product portfolio consists of 6Ah battery modules (105-135V) and battery packs using Toshiba's proprietary Lithium Titanium Oxide (LTO) cell chemistry combined with Denso's module integration expertise and Suzuki's manufacturing operations. Differentiated features include Nail-test-validated safety against thermal runaway, 20,000+ cycle battery life, rapid charging/discharging for regenerative braking, and integrated cell sensors supporting real-time diagnostics with the vehicle's Battery Management Unit (BMU). Production capacity has been built to 12 million cells annually, with a Phase 2 expansion targeting 30 million cells per year by 2025.

TDSG operates as a captive OEM supplier embedded within Maruti Suzuki India's supplier park, supplying modules and packs exclusively for Maruti Suzuki's hybrid vehicle programs, including the Grand Vitara strong hybrid and the e VITARA BEV (battery electric vehicle exported to over 100 countries). The company achieved India's first electrode-level localization of lithium-ion battery cells in August 2025, with 80%+ of battery value manufactured domestically. Revenue is generated through hardware sales (battery modules and packs) under negotiated B2B OEM contracts with Maruti Suzuki; pricing is not publicly disclosed. Cumulative committed investment from the three Japanese parents totals approximately Rs 4,267 crore (~$510 million), with employee headcount in the 1,001-5,000 range. TDSG holds IATF 16949:2016, ISO 14001, and ISO 45001 certifications, and is positioned as a strategic asset aligned with India's Aatmanirbhar Bharat and PLI-driven EV battery localization initiatives.

Name

TDS Lithium-Ion Battery Gujarat

Legal name

TDS Lithium-Ion Battery Gujarat Pvt Ltd

Website

https://tds-g.co.in

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

TDS Lithium-Ion Battery Gujarat (TDSG) is a joint venture between Suzuki, Toshiba, and Denso that manufactures lithium-ion battery modules and packs at its Gujarat facility, exclusively supplying Maruti Suzuki India for hybrid vehicles including the Grand Vitara and e VITARA BEV.

Ownership category

akta.pro rank

Product category

Automotive Lithium-Ion Batteries

NAICS

Battery Manufacturing (33591), Battery Manufacturing (335910)

SIC

Electronic & Other Electrical Equipment (No Computer Equip) (3600)

akta.pro primary industry

Battery Pack & Module Manufacturing (EV) (IMACACAA)

akta.pro secondary industries

Battery Pack Manufacturing & Module Assembly (EUAFABAI), Battery Modules & Packs (Industrial/Commercial pack assembly) (IMAGAHAB), Battery Cell Manufacturing (EV) (IMACACAB)

Keywords

• Lithium-ion battery manufacturing
• Hybrid vehicle batteries
• Battery module production
• Lithium titanium oxide cells
• OEM battery supplier

Headquarters

HQ city

Ahmedabad

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Infrastructure, Personnel, Technology or R&D, Operations

Revenue model

1. Battery Module and Pack Sales: Revenue generated from manufacturing and supplying lithium-ion battery modules and battery packs exclusively to Maruti Suzuki India Limited for hybrid electric vehicles. The company operates as a captive supplier within Maruti's supplier ecosystem.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

TDS Lithium-Ion Battery Gujarat manufactures and supplies lithium-ion battery modules and battery packs using Lithium Titanium Oxide (LTO) oxide-based cell chemistry for hybrid electric vehicles. The company operates as a captive OEM supplier, producing batteries exclusively for Maruti Suzuki India Limited at its facility located within the Maruti Suzuki Supplier Park at Hansalpur, Gujarat, for integration into models such as the Grand Vitara hybrid and the e VITARA BEV.

Product overview

TDS Lithium-Ion Battery Gujarat Private Limited (TDSG) is India's first lithium-ion battery manufacturer for hybrid vehicles with cell-level localization. The company operates as a joint venture between TOSHIBA Corporation, DENSO Corporation, and Suzuki Motor Corporation. TDSG's product portfolio consists of Battery Modules and Battery Packs manufactured at their Gujarat facility. Their core offering is lithium-ion batteries using Lithium Titanium Oxide technology, which supply to Maruti Suzuki India Limited for hybrid vehicles. The products feature high input/output capability suitable for mild and strong hybrid vehicles, with specifications including 105-135 volt and 6Ah capacity, along with cell sensors and real-time diagnosis support for vehicle BMU systems.

Differentiator

Problem solved

Functional benefit

Products and services

• Battery Module A highly safe rechargeable lithium-ion battery module using Lithium Titanium Oxide (LTO) oxide-based materials designed to prevent thermal runaway. Features high electrical energy storage (105-135V, 6Ah), integrated cell sensor, and components that store energy generated during deceleration and provide it to the system as needed for hybrid vehicle applications.
• Battery Pack An integrated lithium-ion battery pack combining TDSG's battery modules for hybrid vehicles, providing high electrical energy storage (105-135V, 6Ah) and supporting vehicle BMU real-time diagnosis with cell voltage, current, and temperature detection capabilities.
• Lithium-Ion Battery (LTO cell) A highly safe rechargeable lithium-ion cell using Lithium Titanium Oxide (LTO) technology, designed with six characteristics: safety (Nail test proven), low temperature operation, high input/output, rapid charging, wide range capacity, and long life (recyclable over 20,000 times) — intended for integration into modules and packs for hybrid vehicles.

Quantifiable outcome

• Over 80 percent of battery value manufactured within India
• +2 more outcomes

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Three partnerships are on record, tiered core.

• Suzuki Motor CorporationcoreStrategic or Co-development Partner · 14 September 2017Suzuki Motor Corporation holds 50% stake in the joint venture. Suzuki provides manufacturing expertise and is the primary customer through Maruti Suzuki India Limited. The partnership combines Japanese technology with Indian manufacturing excellence under the Make in India initiative.
• Toshiba CorporationcoreStrategic or Co-development Partner · 14 September 2017Toshiba Corporation holds 40% stake in the joint venture. Toshiba provides its proprietary lithium-ion battery cell technology, contributing the core cell chemistry and manufacturing know-how for the battery cells produced at the Gujarat facility.
• DENSO CorporationcoreStrategic or Co-development Partner · 14 September 2017DENSO Corporation holds 10% stake in the joint venture. DENSO contributes its battery module technology and expertise in module integration, combining with Toshiba's cell technology and Suzuki's manufacturing capabilities to produce complete battery modules and packs.

Scale indicators5 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• LG Energy Solution: LG Energy Solution is a major global lithium-ion battery cell and pack supplier to automotive OEMs, representing the incumbent benchmark for automotive-grade battery manufacturing that TDSG competes against for OEM wallet share.
• BYD: BYD is a vertically integrated battery and EV manufacturer producing lithium-ion cells (including LFP Blade Battery) and packs at scale, competing broadly in automotive battery supply and setting cost/performance benchmarks relevant to TDSG.
• Contemporary Amperex Technology (CATL): CATL is the world's largest lithium-ion battery cell manufacturer with broad automotive OEM relationships, serving as the dominant incumbent whose technology, scale, and cost benchmarks shape the competitive landscape TDSG operates in.

Direct peers

• Lohum Cleantech: Lohum manufactures lithium-ion battery cells, packs, and battery materials with recycling capabilities in India, competing with TDSG in automotive and energy storage battery supply.
• Exide Industries: Exide Industries is an established Indian battery manufacturer transitioning from lead-acid to lithium-ion cells and packs, including a multi-GWh Li-ion plant, directly competing with TDSG in automotive and energy storage battery markets.
• Ola Electric: Ola Electric is building a lithium-ion cell manufacturing facility (Krishnagiri gigafactory) for EV applications in India, making it a direct competitor in domestic battery cell and pack manufacturing.
• Ather Energy: Ather Energy designs and manufactures lithium-ion battery packs for its electric two-wheelers in India, making it a comparable battery pack manufacturer serving Indian EV OEMs.
• Hero MotoCorp (Hero Electric / VIDA): Hero MotoCorp's EV arm (VIDA) sources and develops lithium-ion battery packs for electric two-wheelers in India, making it a relevant peer in automotive battery pack manufacturing.
• Amara Raja Batteries: Amara Raja is developing lithium-ion cell manufacturing capacity in India through its subsidiary Amara Raja Advanced Cell Technologies, positioning it as a direct peer in localized Li-ion battery production for automotive OEMs.
• Tata Group (Agratas): Agratas is Tata Group's lithium-ion battery cell and pack venture building a gigafactory in India, directly competing with TDSG in localized automotive battery supply and targeting similar OEM customers in India.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/tds-lithium-ion-battery-gujarat-private-limited/mycompany/?viewAsMember=true

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about TDS Lithium-Ion Battery Gujarat