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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
A proposed Rs 12,000 crore incentive shifts the focus to components after the first scheme fell short. But raw material dependence, gaps in technology and China’s dominance remain.
India is preparing a new Rs 12,000 crore incentive scheme for advanced chemistry cell components. It hopes to jump-start a domestic battery manufacturing industry that has made little progress under the five-year-old Rs 18,100 crore production-linked incentive scheme.
The earlier scheme, announced in 2021, was meant to build a domestic battery industry. Instead, the absence of a supporting component ecosystem and the scheme’s demanding eligibility conditions have held back progress—only 1 GWh of domestic cell capacity has been installed against a target of 50 GWh till March 2026. Where the new proposal differs is the shift in focus from cells …
The startup isn’t sure where its future lies—in electric motorcycles or the more recently announced electric scooter? Unsurprisingly, none of the products have amounted to anything so far.
The EV maker is turning to gig-worker rentals to absorb its scooter output. But questions on cost, competition and execution make its latest pivot uncertain.
The EV maker is back for fresh capital as its businesses fail to generate enough to sustain themselves.
