Mitsubishi, Tesla, Ola Electric to bid for India’s lithium reserves
Mitsubishi, Tesla, and Ola Electric are among the top contenders who are seeking to win the bid on lithium found in the Jammu and Kashmir region of India.
Lithium is a non-ferrous metal and is widely used in manufacturing batteries for various electronic items such as laptops, phones, and pacemakers, it is also used in glass and ceramics industry. It is an important growth driver due to its use in batteries of electric vehicles.
In March 2023, the Minister of Coal, Pralhad Joshi announced that lithium had been discovered in India’s northern federal territory of Jammu and Kashmir.
