MUMBAI: The Indian Oil Corporation (IOC), which has drawn up over Rs 2 lakh crore capex over the next seven years for refinery expansion, modernisation and petrochemical capacity, is also working at an alternative to lithium-ion batteries for Electric Vehicles, chairman Sanjiv Singh said on Wednesday.
“The battery what we see today, probably is not the only answer. We don’t have a single grain of lithium in India. So, if we are looking at EVs in a very big way, we have to look at something that is indigenously available,” Singh said without elaborating on the venture.
