Panasonic plans battery plant in India under PLI
NEW DELHI: As Elon Musk’s Tesla makes strides to enter the Indian market, Panasonic —its biggest supplier of batteries — is coming close to finally setting up a battery manufacturing plant in India under the government’s advanced chemistry cell (ACC) battery storage scheme.
Top sources told TOI that a high-level delegation from the Japanese company held talks with senior functionaries of the government in the first week of this month. Kazuo Tadanobu, global president and CEO of Panasonic Energy, came and met former Niti Aayog CEO and G20 Sherpa Amitabh Kant, apart from heavy industries secretary Kamran Rizvi. He was accompanied by senior Japanese officials from Panasonic Energy, apart from Panasonic Life Solutions India chairman Manish Sharma.
