Bhavish Aggarwal (CEO- Ola Electric) tweeted after India’s Ministry of Heavy Industries selected the company for the PLI scheme, stating that “Today, 90% of global capacity is in China. We will reverse that and make India a global hub for EVs and cell tech”.
The Government of India approved the PLI scheme “National Program on Advanced Chemical Cell Battery Storage” to achieve 50 Giga Watt Hours (GWh) of manufacturing capacity to augment India’s manufacturing capabilities with a budget outlay of Rs. 18,100 crores.
And A total of 4 companies are selected for the incentive under Production Linked Incentive (PLI) Scheme for Advanced Chemistry Cell (ACC) Battery Storage.
| Sl.No. | Name of Applicant | Capacity Quoted(GWh) | Status | Capacity Awarded(GWh) |
| 1 | Rajesh Exports Limited | 5 GWh | Awarded | 5 GWh |
| 2 | Hyundai Global Motors Company Limited | 20 GWh | Awarded | 20 GWh |
| 3 | Ola Electric Mobility Private Limited | 20 GWh | Awarded | 20 GWh |
| 4 | Reliance New Energy Solar Limited | 20 GWh | Awarded | 5 GWh |
| Waitlisted | 15 GWh |
Bhavish Aggarwal (CEO-Ola Electric) quotes on this“India has the strongest Govt support for electrification in the whole world! Excited to be selected for the PLI scheme for manufacturing world-class cells in India. Today, 90% of global capacity is in China. We will reverse that and make India a global hub for EVs and cell tech”
India has the strongest Govt support for electrification in the whole world! Excited to be selected for the PLI scheme for manufacturing world class cells in India. Today, 90% of global capacity is in China. We will reverse that and make India a global hub for EVs and cell tech https://t.co/Rx2Of3hbhn
— Bhavish Aggarwal (@bhash) March 24, 2022
| get details here – PLI Scheme for ACC Battery Storage under MHI India, 4 companies Selected for incentives to the tune of Rs.18,100 crore
