Reliance arm, Ola electric, Rajesh Exports Ink PLI pacts for batteries
The Ministry of Heavy Industries has signed contracts with three companies under the Production-Linked Incentive (PLI) Scheme for advanced chemistry cell (ACC) battery storage. Minister for heavy industries Mahendra Nath Pandey said the scheme would be favourable to the electric vehicle ecosystem and the energy storage market, as it would support the demand for EVs and renewables and attract investment in this sector.