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ACC BATTERIES
India readies Rs 12,000 crore push for local battery component manufacturingIndia is set to launch a new incentive scheme to boost local manufacturing of advanced cell battery components. This initiative aims to red...- EV industry seeks financing, payment security support to drive adoptionElectric vehicle makers are asking the government for better financing and payment security. This is to speed up the use of electric vehicl...
- Rajesh Exports founder denies fund diversion in ACC Energy, says SEBI misread accounting entriesRajesh Exports Chairman Rajesh Mehta refutes SEBI's fund diversion claims. He states accounting entries were misunderstood. The company fac...
- Infosys, Adani Enterprises, Trent among 44 stocks going ex-date this week. Do you own any?Investors should watch out as 44 stocks including Infosys and Adani Group companies turn ex-date this week. Corporate actions like dividend...
- Rajesh Exports likely to lose PLI beneficiary status, face MCA probeRajesh Exports faces potential removal from a government battery production incentive scheme. The corporate affairs ministry is considering...
- India eyes fiscal support for domestic EV battery supply chainIndia is planning new incentives to boost local production of battery components. This move aims to reduce import dependence for electric v...
- 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 ...
- 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...
- 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...
- Elon Musk’s Tesla can apply for battery PLI sops: Heavy Industries MinistryIn 2022, the Centre had awarded PLI support for setting up 30 GWh of ACC battery manufacturing capacity by 2030. Ola Cell Technologies won ...
- 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...
- Larger batch size kept for battery PLI bids: officialThe Indian government will continue to allocate production-linked incentives (PLI) for advanced chemical cell (ACC) batteries in batches of...
- Production of advanced chemistry cell batteries in India likely to start by Jan 2024: Mahindra Nath PandeyIndia is set to begin production of advanced chemistry cell (ACC) batteries by January 2024, according to Union Minister Mahindra Nath Pand...
- ACC battery market demand in India to rise to 220 GWh by 2030: ReportIndia's demand for advanced chemistry cell batteries is expected to surge, from 20 GWh in 2022 to roughly 220 GWh by 2030, as a result of t...
- Re-auction of PLI for batteries soonThe Indian government will re-auction the performance-linked incentives (PLI) for 20 GW advanced chemistry cell (ACC) battery manufacturing...
- Europe's ACC ropes Siemens in for battery giga factoryTo beign with, Siemens and ACC plan to create comprehensive digital twins of the battery and the production lines through which ACC will be...
- 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...
- 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...
- 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...
- 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...
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