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BATTERY PLI SCHEME
Battery PLI scheme achieves just 1.4 GWh capacity against 50 GWh target, faces delays: NITI Aayog reportThe report, titled "Impact Assessment of PLI Schemes", prepared by NITI Aayog in collaboration with IIM Ahmedabad, said the Rs 18,100 crore...- PLI schemes achieve 76% of investment target, 64% of production goal: Niti AayogThe production-linked incentive (PLI) scheme has achieved 76% of its investment target and 64% of its production target, with electronics, ...
- Ola Electric’s Q2 revenue slumps 39% to Rs 421 crore, losses narrowThe company said it has stopped taking orders from its direct-to-consumer stores on Nov 1, and plans to close them by December. The company...
- 22 firms chase 10 GWh battery prize under PLI schemeThe Centre's production-linked incentive scheme for advanced chemistry cell manufacturing has received bids from 22 companies. These bids a...
- Ola Electric Q2 Results: Loss narrows YoY to Rs 362 crore, revenue falls 39%Ola Electric Q2 Results: The electric two-wheeler maker's revenue from operations fell 39% year-on-year (YoY) to Rs 421 crore from Rs 690 c...
- Battery component makers may get up to 50% capital subsidyThe ministry of heavy industries is evaluating various subsidy models to enhance domestic battery component manufacturing capacity. Propose...
- Samsung to boost India phone exports under new incentive schemeThe South Korean electronics giant is considering expanding India production, including making fresh investments, to boost exports from her...
- Semiconductor ecosystem: Made in India and designed for IndiaIndia’s competitive advantage will not come from manufacturing at China’s scale or cost. It lies in building customised devices for specifi...
- Centre extends bid deadline for advanced chemistry cell battery PLI scheme to November 10In a recent announcement, the Ministry of Heavy Industries confirmed the extension of the ACC Production Linked Incentive Scheme deadline t...
- India-Chile trade negotiations: A quiet and strategic deal beyond tariffsIndia and Chile are progressing with negotiations for a Comprehensive Economic Partnership Agreement to enhance trade relations. The agreem...
- PLI scheme attracts Rs 2.40 lakh crore investments across 14 sectors, enhancing manufacturing capacity: ReportThe ASSOCHAM report indicates that the Production Linked Incentive Scheme has attracted significant investment across various sectors. It e...
- Govt disburses Rs 36,754 cr under PLI schemes as on June 30The government has disbursed Rs 36,754 crore to beneficiary companies under the Production Linked Incentive schemes. These schemes have led...
- Ola Electric shares up 88% from record low: What’s behind the gains?Shares of Ola Electric surged by 2.5% after a streak of five days of increases, yet they remain below previous peaks. The company has earne...
- IIT Madras professor Jhunjhunwala wants PLI to be more startup friendlyPLI should be opened to smaller companies, with incentives tied to meaningful domestic value addition rather than the ability to make large...
- Ola Electric board to meet on September 5 to consider fresh fundraiseThe company said its board will consider various permissible routes for the proposed fundraising, including a private placement, qualified ...
- Auto PLI scheme draws Rs 45,477 crore investment, creates 67,000 jobs: Union Minister HD KumaraswamyThe auto PLI scheme has attracted Rs 45,477 crore investment and created over 67,000 jobs. Government enhanced electric two-wheeler scheme ...
- Ola Electric gets Rs 95.8 crore PLI incentive, third consecutive yearOla Electric has secured a Rs 95.81 crore incentive under the government’s Production Linked Incentive (PLI) scheme for automobiles and aut...
- 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...
- PLI scheme to unlock India's manufacturing capacity: IcraSectors under which the PLI scheme has been announced currently constitute 40 per cent of the total imports.
- RIL, Ola, Tata Chemicals, 17 more companies keen on battery PLI schemeThe ministry released the Request for Proposal (RFP) document in October inviting bidders for setting up a total manufacturing capacity of ...
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