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90% of worldwide battery cell capability is in China, and China could be changed by India: Bhavish Aggarwal

90% of worldwide battery cell capability is in China, and China could be changed by India: Bhavish Aggarwal

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Bhavish Aggarwal (CEO- Ola Electrical) tweeted after India’s Ministry of Heavy Industries chosen the corporate for the PLI scheme, stating that “Right now, 90% of worldwide capability is in China. We are going to reverse that and make India a worldwide hub for EVs and cell tech”.

The Authorities of India authorised the PLI scheme “Nationwide Program on Superior Chemical Cell Battery Storage” to attain 50 Giga Watt Hours (GWh) of producing capability to enhance India’s manufacturing capabilities with a funds outlay of Rs. 18,100 crores. 

And A complete of 4 corporations are chosen for the motivation underneath Manufacturing Linked Incentive (PLI) Scheme for Superior Chemistry Cell (ACC) Battery Storage.

Sl.No. Identify of Applicant Capability Quoted(GWh) Standing Capability Awarded(GWh)
1 Rajesh Exports Restricted 5 GWh Awarded 5 GWh
2 Hyundai International Motors Firm Restricted 20 GWh Awarded 20 GWh
3 Ola Electrical Mobility Personal Restricted 20 GWh Awarded 20 GWh
4 Reliance New Vitality Photo voltaic Restricted 20 GWh Awarded 5 GWh
Waitlisted 15 GWh

 

Bhavish Aggarwal (CEO-Ola Electrical) quotes on this“India has the strongest Govt help for electrification in the entire world! Excited to be chosen for the PLI scheme for manufacturing world-class cells in India. Right now, 90% of worldwide capability is in China. We are going to reverse that and make India a worldwide hub for EVs and cell tech”

| get particulars right here – PLI Scheme for ACC Battery Storage underneath MHI India, 4 corporations Chosen for incentives to the tune of Rs.18,100 crore



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