New Delhi, December 20, 2024: Assurance Intl, a prominent player in automotive products and energy solutions, has announced the establishment of a state-of-the-art battery manufacturing facility in Haryana. The company has already secured major orders from global brands such as STP, Goodyear, ACDelco, Duracell, and others, reflecting its global reputation for high-quality and innovative battery solutions.
Facility Highlights
The new manufacturing unit is designed to meet high-volume production demands with advanced capabilities:
- Annual Production Capacity:
- 1 million two-wheeler batteries
- 0.3 million automotive batteries
- 0.25 million tubular batteries
- 0.10 million solar batteries
- Technology Portfolio:
- SLA (Sealed Lead-Acid)
- AGM (Absorbent Glass Mat)
- VRLA (Valve-Regulated Lead-Acid)
- Lithium-ion
- Tubular batteries
- Gel-based batteries
The facility aims to cater to diverse industries, offering tailored solutions with exceptional reliability and durability.
Investment and Timeline
Rakesh Sharma, Managing Director of Assurance Intl, highlighted the company’s strategic vision:
“We are planning to invest ₹300 crores over the next three years to establish this world-class facility. This expansion reflects our commitment to growth and excellence while creating job opportunities for around 1,000 employees.”
Key Milestones:
- Investment: ₹300 crores over three years
- Commercial Production: Targeted by March 2025
Global Collaborations and Market Impact
By securing partnerships with major global brands such as STP, Goodyear, ACDelco, and Duracell, Assurance Intl strengthens its position as a trusted partner for cutting-edge energy solutions.
These collaborations highlight:
- Assurance Intl’s technological expertise and ability to deliver high-performance batteries.
- The growing demand for eco-friendly and durable energy solutions globally.
- A commitment to scaling sustainable energy solutions for automotive, solar, and industrial applications.
Economic and Environmental Benefits
- Employment Opportunities: The project will generate 1,000 jobs, supporting local communities and boosting Haryana’s economy.
- Sustainability Focus: By increasing the production of solar and eco-friendly batteries, Assurance Intl supports India’s green energy initiatives and the global shift toward renewable energy.
Industry Leader’s Vision
Rakesh Sharma emphasized:
“This new facility will solidify Assurance Intl’s position in the energy solutions market, enabling us to cater to the growing global demand for advanced, high-quality batteries. Our focus remains on innovation, sustainability, and customer satisfaction.”
About Assurance Intl
Assurance Intl is a leader in automotive and energy solutions, specializing in the design and manufacturing of high-performance battery technologies. Known for its commitment to innovation and quality, the company plays a pivotal role in driving sustainable energy practices and powering industries across the globe.
FAQs
1. Where will Assurance Intl’s new facility be located?
The new manufacturing plant will be set up in Haryana, India.
2. What is the facility’s production capacity?
The facility will produce 1 million two-wheeler batteries, 0.3 million automotive batteries, 0.25 million tubular batteries, and 0.10 million solar batteries annually.
3. When will commercial production begin?
Commercial production is expected to commence by March 2025.
4. What battery technologies will the facility produce?
The plant will manufacture SLA, AGM, VRLA, lithium-ion, tubular, and gel-based batteries.
5. How much is Assurance Intl investing in this project?
The company is investing ₹300 crores over three years.