Pinnacle Industries Partners With Phylion Battery Company to Set Up Battery Assembly Unit in India

Pinnacle Industries and Phylion Battery Company have joined hands to launch its lithium-ion battery assembly facility in Maharashtra, India. The new state-of-the-art assembly unit is fully operational and will start rolling out FAME II compliant products for the Indian market.

Commenting on the partnership, Sudhir Mehta, Chairman & MD, Pinnacle Industries, says, "Being one of the long-term players in automotive component manufacturing, we understand the importance and need for organized, integrated, credible and safe EV battery assembly facility in India. There are immense market potential and dire need to localize the manufacturing of EV batteries, to bring down the vehicle cost and make EV's more viable, benefit the small OEMs to get localized products for low-speed vehicles and other applications, and improve the after-sales service. We look forward to addressing the existing industry gaps with our association with Phylion and Government's impetus on electrification of vehicles through its various policies”.

Founded in 2003, Phylion Battery is one of the leaders in the lithium-ion battery manufacturing for light electric vehicles. It has been on an expansion spree in Europe and Asian markets. Phylion Battery entered the Indian market over four years back and has now become the industry leader of the lithium-ion battery cell for the Indian EV market along with fast after-sales services.

“We are elated to partner with Pinnacle Industries, to cater to the expanding Indian EV market. Our strategy is to use our 16 years market approved lithium-ion cells to help Pinnacle to develop batteries with optimized cost and performance for Indian temperatures. We have been committed to providing high quality and safe products and we look forward to scaling up the renewable manufacturing in India”, comments Andrew Lee, VP, Phylion.

Set up in 1996, Pinnacle Industries has invested and expanded its technology partnerships, manufacturing systems, and clientele to evolve as one of the largest commercial vehicles, bus seating and interiors. It directly impacts the top and bottom line of businesses in Indian with the diversified group of companies in seating & interiors, specialty vehicles, irrigation, retail store solutions, financial services & engineering services.

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