Reliance, Hyundai, Ola among 10 companies to apply for Rs 18,100-crore PLI scheme for cell manufacturing
A total of 10 companies, including a Reliance Industries subsidiary, Hyundai Global Motors and Ola Electric, have applied for the government’s Rs 18,100-crore production-linked incentives (PLI) scheme for advanced chemistry cells (ACC).
The companies collectively bid for setting up 130 gigawatt-hour (GWh) of cell manufacturing capacity against 50 GWh of capacity to be awarded as part of the scheme, a government statement said.
To put the capacity planned into context, 50 GWh would be sufficient to equip around 125,000 electric scooters a year.
The scheme is expected to boost localising the electric vehicles (EV) supply chain in India. Despite being a key component for EVs, all vehicles sold in India presently rely completely on imported cells, mainly from China.
