Indian firm to make batteries with Matsushita

Newswire

NEW DELHI, June 30 (Reuters) - India's unlisted Base Corp Ltd said on Monday it planned to set up an automotive battery plant in southern Karnataka state with the world's largest battery maker, a unit of Japan's Matsushita . Girish Arora, Base's managing director, told a news conference the company along with Matsushita (Panasonic) Battery Company Ltd would invest about 1.0 billion rupees ($21.6 million) to set up the plant to make 1.2 million auto batteries a year. The facility would ...

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