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

You may also like

Business
Story image

Yes Bank’s succession problem is a board problem

As Prashant Kumar’s term runs out, boardroom fault lines have left the lender with no clarity on its next CEO—spooking investors and drawing the RBI’s ire.

Business
Story image

JSW Energy’s acquisition engine is working—and that is a worry

Rapid asset purchases are driving generation growth, but rising debt and weaker cash flows are testing investor confidence.

Business
Story image

UAE conglomerates set their sights on India

A series of new investments earmarked for India, good and bad news from Saudi Arabia and AI deals at Davos, among other updates.