February 18, 2025 2:41 PM

India expands battery manufacturing with new PLI ACC agreement

The Ministry of Heavy Industries (MHI) signed a Programme Agreement on Tuesday with Reliance New Energy Battery Limited, a subsidiary of Reliance Industries Limited, under the Production Linked Incentive (PLI) Scheme for Advanced Chemistry Cell (ACC). The agreement grants Reliance New Energy Battery Limited a 10 GWh ACC manufacturing capacity, making it eligible for incentives under India's ₹18,100 crore PLI ACC scheme. The PLI ACC scheme was approved by the Cabinet in May 2021 with an outlay...