Ola Electric Contemplating Lithium Mining Rights to Fuel India’s EV Revolution

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Last year, the Mines and Minerals (Development and Regulation) Amendment Bill was passed, enabling private entities to mine essential minerals like lithium.

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Significance of Critical Minerals Auction

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The government expects to generate approximately Rs 45,000 crore ($5.4 billion) through auctioning 20 blocks across eight states.

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Sources reveal that Ola Electric has expressed interest in the auction, actively participating in meetings and raising queries on land acquisition and potential minerals alongside lithium.

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Path to Vertical Integration

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Ola Electric Contemplating Lithium Mining Rights to Fuel India’s EV Revolution

Last year, the Mines and Minerals (Development and Regulation) Amendment Bill was passed, enabling private entities to mine essential minerals like lithium.

Significance of Critical Minerals Auction

The government expects to generate approximately Rs 45,000 crore ($5.4 billion) through auctioning 20 blocks across eight states.

Significance of Critical Minerals Auction

Sources reveal that Ola Electric has expressed interest in the auction, actively participating in meetings and raising queries on land acquisition and potential minerals alongside lithium.

Ola’s Interest

Path to Vertical Integration