With fresh Rs 8,000 crore incentive scheme, India hopes to attract EV battery makers

Successful bidders will have to set up advanced chemistry battery plants with an output of 20 gigawatt-hours. In turn, the government will offer them incentives under the PLI scheme for a period of 5 years.

14 November, 20231 min
0
Google Preferred Source Badge
Share
Getting your Trinity Audio player ready...
With fresh Rs 8,000 crore incentive scheme, India hopes to attract EV battery makers

You may also like

Business
Story image

IPO is imperative but no panacea for Manipal Hospitals

A public listing will help clean up the hospital chain’s balance sheet after the costly Sahyadri acquisition. But depressed metrics, integration risks and lofty valuations make this far from a clean turnaround story.

Business
Story image

Jubilant finally moves on from Dunkin’

The restaurant chain operator has decided not to renew its franchise agreement for the coffee and donut chain in India. This was a long time coming, and it’s only good news for Jubilant and its shareholders.

Business
Story image

Can Dubai’s hotels hold out, even as Iran war continues?

The US-Israel campaign has turned Dubai’s strongest tourism months into a stress test for the emirate’s hospitality sector.