Ola Electric unit partners with Ministry of Heavy Industries for PLI ACC Scheme to up domestic EV battery productionOla Cell Technologies Private Limited has joined the Ministry of Heavy Industries to benefit from the Production Linked Incentive Advanced ...
04 Mar, 2025, 06.49 PM IST
Battery PLI: Beneficiaries asked to pay penalty for missing targetsThe Ministry of Heavy Industries has issued penalty notices to Ola, Reliance, and Rajesh Exports for not meeting targets under the ACC Batt...
03 Mar, 2025, 11.36 PM IST
Reliance, Ola, Rajesh Exports miss battery storage targets, lead to sharp cut in scheme's budget allocationReliance Industries, Ola Cell Technologies, and Rajesh Exports missed investment and domestic value addition targets for the battery storag...
08 Feb, 2025, 12.25 AM IST
Government plans incentives for battery component manufacturing to boost electric vehicle industryThe Indian government is considering incentives for battery component manufacturing to support the electric vehicle industry. The Ministry ...
09 Jan, 2025, 11.49 PM IST
JSW, Reliance, TVS place bids for battery PLI sopsJSW Neo Energy, Reliance Industries, Lucas TVS, ACME Cleantech, Amara Raja, Anvi Power, and Waaree Energies have participated in a producti...
23 Apr, 2024, 03.17 PM IST
Centre receives seven bids to set up giga-scale battery manufacturing facilities; RIL, JSW Neo among biddersThe Ministry of Heavy Electricals has received seven bids for re-bidding Production Linked Incentives (PLI) for 10 GWh Advanced Chemistry C...
23 Apr, 2024, 01.56 PM IST
Govt pushing ACC battery storage scheme, budget hiked 6x in last few years: OfficialThe budget allocation for the advanced chemistry cell (ACC) sector has increased sixfold in recent years, indicating the government's commi...
01 Apr, 2024, 06.31 PM IST
Part of ACC battery PLI sops may go to supporting renewable energyThe ACC PLI programme is presently being speared by the Ministry of Heavy Industries. Deliberations are also underway within the government...
17 Nov, 2023, 02.27 PM IST
Govt announces re-bidding under PLI for advanced chemistry cell manufacturingThe government on Thursday announced the re-bidding of production linked incentives for 20 GWh Advanced Chemistry Cell manufacturing -- Ind...
20 Jul, 2023, 04.48 PM IST
Heavy Industries Ministry signs contracts with three companies for battery manufacturing incentivesIt was initially decided that Hyundai Global Motors will also be getting the PLI support. But this was put on the backburner after it was r...
29 Jul, 2022, 03.33 PM IST
Reliance, Ola & Rajesh Exports sign program agreement under PLI scheme for battery manufacturingReliance New Energy Limited, Ola Electric Mobility Private Limited and Rajesh Exports Limited, the three selected bidders, signed the Progr...
29 Jul, 2022, 12.17 PM IST
Getting charged up for battery storageThe focus on the manufacturing of advanced chemistry cell (ACC) battery storage is important, as it will help drive storage costs down and ...
25 Mar, 2022, 10.53 PM IST
Hope to make India a global hub for EVs, cell tech: Ola co-founderUnder the initiative, the emphasis of the government is to achieve greater domestic value addition, while at the same time ensuring that th...
24 Mar, 2022, 10.05 PM IST
Reliance, Ola, Hyundai, and Rajesh Exports win support for battery manufacturingHyundai and Ola Electric have been awarded support for setting up 20 Gigawatt Hour (GWh) of manufacturing capacity each. Reliance and Rajes...
24 Mar, 2022, 12.32 PM IST
Govt approves Rs 18,100 crore incentive scheme for promoting battery storageThe scheme, National Programme on Advanced Chemistry Cell (ACC) Battery Storage, is expected to attract investment of Rs 45,000 crore, info...
12 May, 2021, 11.30 PM IST
Govt approves Rs 18,100 crore PLI scheme for promoting ACC battery manufacturingWith the objective to promote the Make in India initiative, the National Programme on Advanced Chemistry Cell (ACC) Battery Storage is expe...
12 May, 2021, 11.25 PM IST
PLI scheme for battery storage to bring down EV cost, say manufacturers"Battery occupies a larger portion of any electric vehicle's cost. Thus, the right policy move will help us steer towards green growth in t...
12 May, 2021, 07.48 PM IST